Just wanted to share with you all that there is a central agency which hold records of all the credit history for each individual in india.

So next time you disclose your details to a bank make sure it is correct because it can be verified with the central data base.

Again if your application for credit card or loan got rejected on your bad credit history with some other bank then don’t be surprised as your complete details with all  financial institutions lie at one place.

Don’t believe me read it yourself

http://www.cibil.com

-NKJ