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Can Social Media and Digital Transactions Determine your CIBIL Score?

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Can Social Media and Digital Transactions Determine your CIBIL Score? | DealsOfLoan

Can Social Media and Digital Transactions Determine your CIBIL Score? | DealsOfLoan
The chief operating officer of CIBIL, Harshala Chandorkar, spoke to ET that they are in talks with the ministry of finance on widening the scope of the Credit Information Act.

It is also reported in the article that CIBIL is in process to launch a product that provide banks some information regarding lending to first-time borrowers. The product named`emerging consumer score’ for such cases so that banks would have some reference points before lending.

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