Credit Information Bureau India(CIBIL) has appointed Satish Pillai as its Managing Director and Chief Executive Officer. Pillai was the Chief Operating Officer at CIBIL for more than four years and was responsible for product development and bureau operations.

Satish Pillai also led TransUnion’s operations in India where he oversaw the creation of the solutions team that launched and supported TransUnion’s generic and custom analytics and decisioning technologies, including the launch of the Cibil TransUnion Score, the country’s first generic scoring model, Cibil said in a statement.

What is CIBIL?

• Credit Information Bureau (India) Limited is India’s first Credit Information Company (CIC) founded in August 2000.
• CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards.
• These records are submitted to CIBIL by member banks and credit institutions, on a monthly basis.
• The Headquarters of CIBIL is at Mumbai.
• CIBIL houses credit on over 220 million trades across individuals and businesses, organised into two divisions : Consumer Bureau and Commercial Bureau.
• CIBIL is ISO 27001:2005 certified- the most recognized security standard in the world.
• CIBIL is one of the 1000 companies in the world, which have achieved ISO 27001 certification, and one of the first few in India.
• TransUnion International & Dun and Bradstreet are the Technical partners of CIBIL

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