CIBIL score must for bank job
- July 4, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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CIBIL score must for bank job
Subject :Economy
Section: Monetary Policy and Banking sector
Context:
- The Institute of Banking Personnel Selection (IBPS), the common recruitment agency for participating public sector banks (excluding State Bank of India), has a new credit history clause for applicants.
- The candidate applying shall ensure that they maintain a healthy Credit history and shall have a minimum Cibil score of 650. Candidates with no bank account shall not be required to produce their CIBIL status.
Personal credit score Personal credit score is a numerical rating representing the perceived ability of a person or organization to fulfil their financial commitments, based on an analysis of their credit history and current financial circumstances. CIBIL along with Equifax, Experian, and CRIF Highmark are the four credit bureaus that compute credit scores in India.
About CIBIL: TransUnion CIBIL Limited is a credit information company operating in India. TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited) was incorporated based on recommendations made by the RBI Siddiqui Committee. |