RBI/2010-11/353
RPCD.CO.RCB.BC.No.45/07.40.06/2010-11

January 05, 2011

All State and Central Co-operative Banks

Dear Sir,

Submission of Data to Credit Information Companies -
Format of Data to be submitted by Credit Institutions

Please refer to our circular RPCD.CO.RF.BC.No.17/07.40.06/2010-11 dated September 6, 2010 on the captioned subject.

2. It is observed that many a time, names of Directors of various firms/companies are similar. It is, therefore, necessary to ensure that Directors are correctly identified and in no case, names appearing to be similar to the names of Directors appearing in the list of defaulting borrowers are wrongfully denied credit facilities on such grounds. To avoid such situations, it has been decided that the Director Identification Number (DIN) may be included as one of the fields in the data format submitted by State and Central Co-operative Banks to credit information companies. Such provision of DIN will further ensure that the data relating to credit information is accurate and complete.

3. Further, we advise that Experian Credit Information Company of India Private Ltd. has since informed us that their corporate office address has been changed as follows:

Experian Credit Information Company of India Private Ltd.
201, Platina, 2nd Floor, C-59, G Block
Bandra Kurla Complex
Bandra (E)
Mumbai 400 051
Telephone No.: Board: 022 6117 6700
Fax: 022 6117 6792

Please update the same in your records.

4. Please acknowledge receipt to our Regional Office concerned.

Yours faithfully

(B.P.Vijayendra)
Chief General Manager