The Credit Information Bureau of India (CIBIL) has decided to provide individuals with one free credit report a year, the Reserve Bank of India chief Raghuram Rajan said. “Going forward, by the end of the year, the Credit Information Bureau of India will start providing individuals with one free credit report a year, so that they can check their credit rating and petition if they see possible discrepancies,” Rajan said.

Currently, an individual has to shell out Rs 550 for a report and a onetime credit score in the PDF format from CIBIL. Most Indians are unaware ...