The Credit Information Bureau is intended to economise on the production costs associated with the supply of financial information for a potential clientele comprising 101 banks, 22 non-banking finance companies and 30 housing finance companies in India, as well as a large number of co-operative banks and other regional credit grantors.
Broader considerations While insisting on transparency may seem to be an insufficient official response to the manner in which the spread of SVR rates has drifted up, I would insist on my words of caution against the enacting of legislation that would provide for officially-administered lending rates.