Question: On 25 February 2020, who was appointed the new MD and CEO of CIBIL, the largest credit information company operating in India?
(a) Satish Pillai
(b) Rajesh Kumar
(c) Dinesh Agarwal
(d) Parag Agarwal
Answer: (b)
Related facts:
- On 25 February, 2020, Rajesh Kumar became the Managing Director and Chief Executive Officer of CIBIL (Credit Information Bureau India Limited), the largest company providing information on credit ratings in India.
- He succeeded Satish Pillai.
- Prior to this appointment, he was serving as the group head for retail credit and risk at HDFC Bank.
About CIBIL:
- TransUnion CIBIL Limited is India’s first Credit Information Company, also commonly referred as a Credit Bureau.
- It is part of the American multinational conglomerate Trans Union.
- CIBIL aggregates consumer borrowing and payment information for the purpose of assessing loan risk and pricing credit (setting the interest rate).
- A Credit Bureau is licensed by the RBI and governed by the Credit Information Companies (Regulation) Act of 2005.
- Establishment year 2000
- Headquarters-Mumbai
Links:
https://economictimes.indiatimes.com/small-biz/sme-sector/cibil-ropes-in-hdfc-banks-rajesh-kumar-as-md-ceo/articleshow/74302383.cms
https://www.cibil.com/faq/credit-score-and-loan-basics
https://en.wikipedia.org/wiki/TransUnion_CIBIL