Punjab National Bank

Credit Information Bureau India Ltd

(CIBIL)

Team Effort ofRajesh Gautam(Sr. Faculty)

Renu Tatiwal(Dy. Manager,IT)

Presented ByZTC, Jaipur

Punjab National Bank

Objectives
Credit Information Companies Bill is passed by both the
Houses of Parliament and it has become an Act .The Act
has made contribution of data by all credit grantors to one
or more credit information bureaus mandatory .
Drawing of CIRs will help Bank to know if an applicant is
already availing some credit facility from any of the
member banks/FIs/Credit Card Companies, etc. and if so,
whether there is any adverse feature in his dealings with
other member(s). which will help in credit decisions,
minimize
adverse
selections
and
contribute
to
improvement in asset quality.

Punjab National Bank

CIBIL would be operating two bureaus:

Consumer Bureau

Commercial Bureau

Maintain data of all individual

customers irrespective of
purpose of loan

Maintain data of all non-individual

customers
(limited
companies,
partnership firms, proprietorship, HUF, etc.)
irrespective of purpose of loan.

Punjab National Bank

Mandatory Cases For Drawing of CIRs

In partnership accounts, CIRs should be drawn for each
individual partner/ guarantor.
In case of company accounts, CIRs should be drawn on
each individual director/ guarantor also.
In case of Trust account, CIRs of those trustees authorized
to act on behalf of the Trust, should be drawn.
In case of corporate guarantees, CIRs should be drawn on
the company standing as guarantor.
In case of Allied / Associate Concerns of the borrowing
entity, it is prudent to draw CIRs of the allied/associate
concerns.

Punjab National Bank

Drawing of CIRs exempted in following category of

advances

Advance against Banks own Deposit

Govt. Securities/ Bonds, PSU Bonds, Post
Securities, LIC Policies, Shares, Debentur
&MutualFunds.
Advancesagainst100%CashMargin.
AllStaffLoans.

Punjab National Bank

PROCEDURE FOR ACCESSING CIRs FROM CIBIL

DATABASE

Punjab National Bank

Punjab National Bank

ENQUIRY DETAILS

Click Submit to get CIR.

Punjab National Bank

Drawing CIRs under Commercial Category

Punjab National Bank

CIR CHARGES
CONSUMER CATEGORY OF ACCOUNTS: Fixed charges of Rs.50/
are required to be recovered from prospective borrowers and
Guarantors/Coobligants for each CIR drawn under Consumer
Categoryofaccounts,i.e.,Individuals.

COMMERCIAL CATEGORY OF ACCOUNTS: The details of charges

to be recovered from Commercial category of accounts are
tabulated below. This amount will be charged onlyfor the CIRs
whicharegeneratedbytheCIBILsystem.Pleasenotethat under
commercialcategoryofaccountschargeswillnotbeleviedforNo
Hit
CHARGESPERCIR
reports. LOANAMOUNT
UptoRs.2lacs
Rs800/
Above Rs.2 lacs to Rs1000/
Rs.10lacs
AboveRs.10/ lacs
Rs1300/

Punjab National Bank

THANK YOU