Thursday, June 26, 2014

Banks Find a Way to Trace Out Loan Defaulters On the Run

...........“Now, credit bureaus can identify a chronic defaulter even if he changes his location,“ said a senior private-sector banker. “If the defaulter uses the same name and identity proof like his PAN number, the system will identify the fraudster.“ Credit Information Bureau (India) has a tool called CIBIL Locate Plus, which “offers timely, comprehensive and most updated contact details of the customers to the credit grantors,“....... 

Read - ET

No comments: