SBI to invest in Equifax Credit
28 Oct 2013
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.