(Core Credit & Collection Services) works
on apid industrialisation. An expanding economy. Growing aspirations.
Increased incomes. Improved lifestyles. Availability of high
quality products and services. An expanding market.
These factors have created an atmosphere conducive to rapid
credit off take. While the demand for credit has risen exponentially,
there has been a parallel increase in competition, and credit
delinquencies. In such an environment, risk assessment is
of critical importance. Not only, in deciding on what business
to book and the speed at which a credit grantor does so, but
also in determining the appropriate pricing.
Comprehensive credit information, which provides details pertaining
to credit facilities already availed of by a borrower as well
as his payment track record, has become the need of the hour.
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
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 decisions.
To be a Catalyst in the progress of the Indian Financial &
Allied Services Sector to world standards by ....
||Being a Trusted Partner of every credit
grantor in every credit decision by consistently offering
Comprehensive and Innovative Solutions in line with
||Enabling credit grantors to take Informed Credit Decisions
and thereby minimising adverse selection and improving
the quality of assets and profitability.
||Using State of the Art Technology to provide the highest
standards of security & service.
||Empowering a Committed Team to provide quality customer
service meeting each and every customer expectation
of credit grantors.
||Forging effective Collaborations and building Strategic
Alliances, wherever necessary.
||Measuring up to International Standards
of Excellence in Credit Reporting.