Experian Credit Information Company of India Private Limited

RBI imposed a ₹2 lakh penalty on Experian Credit Information Company of India Private Limited for non-compliance with credit information law and rules. The breaches related to delayed discrepancy intimation and failure to update/correct credit information in time.

The company must bear the monetary penalty and remains subject to any further regulatory action RBI may choose to initiate. The order does not itself suspend operations, but it signals ongoing supervisory scrutiny over credit information handling, discrepancy reporting, and timely correction processes.

• clause (iii) of sub-section (1) of Section 25 read with sub-section (4) of Section 23 of the CIC (R) Act

RBI imposed a ₹24.75 lakh penalty on Experian Credit Information Company of India Private Limited, Mumbai. The action was for non-compliance with CIC Act/Rules linked to inaccurate and incomplete credit information data.

The company must absorb the monetary penalty and address the regulatory compliance deficiencies identified by RBI, especially around the accuracy and completeness of credit information data. The order does not invalidate any transaction or agreement entered into by the company, but it signals supervisory censure and may prompt tighter compliance remediation.

• clause (iii) of sub-section (1) of section 25 read with sub-section (4) of section 23 of CIC (R) Act
• Credit Information Companies (Regulation) Act, 2005
• Credit Information Companies Rules, 2006