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‘Consumer credit scores are lower as we have changed the scoring process’

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Rajesh Kumar, MD and CEO of TransUnion Cibil, discusses the difference in the old and new way of assigning credit scores, impact of covid-19 on borrowers, besides addressing consumer concerns about credit reports At the beginning of the calendar year, credit information company TransUnion Cibil introduced a new method to score borrowers and card users.

Rajesh Kumar, its MD and CEO, discusses the difference in the old and new way of assigning credit scores, impact of covid-19 on borrowers, besides addressing consumer concerns about credit reports. What changes do you expect in retail lending once the lockdown opens? Digital transformation in the banking sector has been underway for quite some time now.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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