Credit has been a key driver of sales & business growth globally. As economies power themselves to higher growth levels &
markets grow, the business environment becomes even more competitive – this in turn fuels the demand for higher credit,
leading to the risk of higher credit delinquencies.

Global financial centers have been able to establish their primacy by managing their credit granting process seamlessly &
controlling credit delinquencies within acceptable norms. They have effectively established & deployed Credit Bureaus to provide
credit grantors with the relevant information & analysis that enables them to make sound credit decisions.

Availability of information pertaining to the credit facilities enjoyed by a corporate or individual borrower & analysis of the
borrower's payment track record helps to reduce "adverse selection" by credit grantors & also facilitate appropriate pricing decisions.

Key Benefits of a Credit Bureau:

• Reduction of credit risks with aggregated, timely and complete information on borrowers
• Effective tools for fraud detection
• Better lending decisions due to the availability of credit reports with scoring and rating
• Facilitates and promotes responsible lending / borrowing practices
• Market development and growth we be more sound with no systemic problem pertaining to credit