CIBIL, the country’s largest credit bureau, will soon launch a new service that will alert banks about defaults and on any profile change of an identified set of customers, Arun Thukral, Managing Director, CIBIL, told Business Line.
Likely to be called ALERT, this subscription-based service will help member-banksto retain customers with good repayment record.
Alerts will also be sent on changes in credit scores or trade lines. Banks will be required to provide a set of customers who may be high-risk or very good ones and CIBIL will alert them as and when there is a profile change or an enquiry on new products, Thukral said.
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