CORE CREDIT & COLLECTION SERVICES

CCCS aim is to fulfill the need of credit granting institutions for comprehensive credit information by collecting, collating and disseminating credit information pertaining to both commercial and consumer borrowers, to a closed user group of Members. Banks, Financial Institutions, Non Banking Financial Companies, Housing Finance Companies and Credit Card Companies use CCCS services. Data sharing is based on the Principle of Reciprocity, which means that only Members who have submitted all their credit data, may access Credit Information Reports from CCCS. The relationship between CCCS and its Members is that of close interdependence... The establishment of CCCS is an effort made by the Government of India and the Reserve Bank of India to improve the functionality and stability of the Indian financial system by containing NPAs while improving credit grantors' portfolio quality. CCCS provides a vital service, which allows its Members to make informed, objective and faster credit..

Also known as: CCCS