TransUnion CIBIL Limited

RBI has imposed a monetary penalty of Rs 26.828 lakh on TransUnion CIBIL Limited for non-compliance with directions on compensation for delayed updation/rectification of credit information.

TransUnion CIBIL Limited must absorb the monetary penalty and remains subject to RBI supervisory oversight. The order does not invalidate any customer transaction or agreement, and RBI noted the penalty is without prejudice to any other action it may initiate in future.

• section 25(1)(iii) read with section 23(4) of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a monetary penalty of ₹26 lakh on TransUnion CIBIL Limited, Mumbai. The action followed findings of inaccurate/incomplete credit information and failures in responding to borrower complaints and corrections.

The company must absorb the ₹26 lakh penalty; the order does not void transactions or directly restrict operations. However, it underscores ongoing compliance obligations around accuracy of credit information, timely corrections, and communication to borrowers when discrepancies are raised.

• 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