Equifax, an Atlanta-based information services company, on Monday said it had received the licence from the Reserve Bank of India to start a credit information company.
“We have plans to offer a variety of credit information products and services with cutting-edge technology,” Equifax Managing Director and Chief Executive Officer Samir Bhatia said in a statement here.
Equifax India team expects to begin operations shortly, the statement said.
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Equifax is part of a joint venture with six leading Indian financial institutions — Bank of Baroda, Bank of India, Kotak Mahindra Prime, Religare Finvest, Sundaram Finance and Union Bank of India.
Equifax has operations in over 14 countries. In India, the joint venture intends to offer information products and services including credit information reports, scores and analytics and collection management services.