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SBI to invest in Equifax Credit

SBI to invest in Equifax Credit

28 Oct 2013
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Edition: Page 11

 

India based credit information bureau, Equifax Credit Information Services (ECIS) on Sunday said the country’s largest lender State Bank of India (SBI) will make an investment in the company.

This endeavour gives SBI interest in the bureau as well as a membership in its board, ECIS said in a statement.

The company, however, did not share the details of the investment.

Credit information companies share data and credit score of users of credit cards and borrowers with banks to help them understand risk and pricing.