Leading NBFC Home Credit India wins TransUnion-CIBIL Data Quality Award for 2016

Recognized for outstanding Data Quality Score improvement during 2016on the TransUnion CIBIL Consumer Bureau data submission and data quality

New Delhi, Delhi, May 5, 2017 /India PRwire/ -- Home Credit India, India's leading NBFC and market leader in the small ticket size loan category* providing fast and easy loans mostly to first time loan takers in the country has become the proud recipient of the prestigious TransUnion CIBIL "Consumer Bureau Data Quality Award 2016 under "Member with the maximum improvement in data quality score during 2016" in the NBFC segment.

The TransUnion-CIBIL Data Quality awards are announced annually across member categories to recognize the efforts of TransUnion CIBIL members who strive to enhance data quality in the industry and set benchmarks for others to follow.

Expressing his pleasure on the recognition, Marcin Trusz, Chief Risk Officer, Home Credit India, said, "It is an honour for us to receive the prestigious TransUnion CIBIL Data Quality Award. This honour is a reflection of our team's rigorous efforts in scaling data quality to a distinguishable height and setting up a benchmark in the NBFC industry in India."

On the recognition, Harshala Chandorkar, COO, TransUnion CIBIL said, "The efficiency and effectiveness of a credit bureau is based on the quality of data collected in its database. Over the years all our member credit institutions have steadfastly worked with us for improving the quality of data submissions. Home Credit has shown outstanding Data Quality Score improvement and this award stands a testimony to their efforts."

Home Credit's offerings primarily consist of providing in-store financing (direct non-cash loans in retail outlets) to qualified customers looking to purchase consumer durable goods such as mobile phones, home appliances, laptop/tablets, electronic goods and two-wheelers. The company has its operations in over 70 cities across 15 states in the country. It has a strong network of nearly 8500 Points-of-Sale (PoS) where it services nearly 2.5 million customers through a driven employee base of over 16,000.

TransUnion CIBIL Limited (Formerly: Credit Information Bureau (India) Limited) is India's first Credit Information Company (CIC) founded in August 2000. TransUnion CIBIL collects and maintains records of an individual's payments pertaining to loans and credit cards. These records are submitted to TransUnion CIBIL by member banks and credit institutions, on a monthly basis. This information is then used to create Credit Reports and credit scores which are provided to credit institutions in order to help evaluate and approve loan applications. The Credit I Report and CIBIL TransUnion Score are used in the loan approval process.

Notes to Editor

About Home Credit India

Home Credit India Finance Pvt. Ltd. is a leading consumer finance provider that is committed to drive credit penetration and financial inclusion by offering financial solutions that are simple, transparent and accessible to all. One of India's leading Non-Banking Financial Companies (NBFCs), Home Credit India has its operations in nearly 70 cities across 15 states in the country. The company has a strong network of nearly 8,500 Points-of-Sale (PoS) where it services nearly 2.5 million customers through a driven employee base of over 16,000 as of March 31, 2017. Home Credit India has been recognized by Aon Hewitt as a Regional AON Best Employer 2017 for employer excellence.

About Home Credit B.V:

Home Credit India is part of Home Credit B.V., an international consumer finance provider with operations in 11 countries across Europe and Asia. The group employs over 100,000 full time employees who have so far served nearly 70 million customers through the vast distribution network comprising over 270,000 points of sale, loan offices, branches and post offices as of December 31, 2016.

More information on HCBV is available at www.homecredit.net.

More information on Home Credit India is available at www.homecredit.co.in

*According to CRIF

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