The Central Registry of Securitisation Asset Reconstruction & Security Interest of India and Credit Information Bureau have entered into a memorandum of understanding for linking their Web sites.

Through this tie-up, a lender (bank) will be able to view both the credit score of the borrower and the encumbrance status of the property offered as security through a common window of CERSAI.

The MoU was exchanged between Ashok Kumar Ralhan, Chief Operating Officer of CERSAI and Arun Thukral, Managing Director, CIBIL in the presence of D.K.Mittal, Secretary, Department of Financial Services.

CERSAI manages the central registry and the portal for parking of data and information relating to the mortgage transactions.

Credit Information Bureau (India) provides credit scores on individuals as also firms and companies for facilitating credit decisions by lending institutions.

(This article was published on December 4, 2012)
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