The credit bureaus have a traditional resistance due to the confidential nature of bank-customer relationship. Thus they have appointed the CIB (Credit Information Bureaus) that are provided with the responsibility as the repository of the credit information–both current and historical current about the potential border.

This plans for a sustainable Bureau which provides the growth for financial services, helps in Fraud and loss prevention and allows members to receive higher accuracy in risk prediction.

The work of the credit bureau is to not only process credit but also store information about the potential borrower and the existing borrower to the lending institutions that are also members. Further it also helps to maintain the real-time credit score.

The bureaus also play an important rose in sanctioning credit based on the previous history. However, it does not collect any information related to deposit accounts, current account, chequing account, etc. of the borrower.