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    Question

    Which of the following is a India’s First Microfinance Credit Bureau Database?

    A CIBIL Correct Answer Incorrect Answer
    B Highmark Correct Answer Incorrect Answer
    C Experian Correct Answer Incorrect Answer
    D CARE Ratings Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    High Mark was founded by Dr. Anil Pandya as a start-up credit bureau in 2007 with a vision of setting up India’s most comprehensive and most inclusive credit bureau. High Mark commenced its bureau operations in March 2011, immediately following the receipt of Certificate of Registration (CoR) from the Reserve Bank of India (RBI) to operate as a Credit Information Bureau in India in 2010. CRIF acquired majority stake in High Mark in mid-2014. Following the acquisition, High Mark Credit Information Services was renamed CRIF High Mark Credit Information Services, bringing together advanced identity management technology from its existing research team and drawing global best practices in top tier bureau technology from CRIF S.p.A, with an aim to create an one-stop solutions provider for entire credit life-cycle.

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