🇮🇳India

क्रेडिट ब्यूरो डेटा अशुद्धि पर शिकायतों में वृद्धि

1 verified sources

Definition

Complaints against credit bureaus surged from 1,039 in 2022-23 to 3,847 in 2023-24, indicating widespread accuracy issues impacting reporting entities like collection agencies.

Key Findings

  • Financial Impact: Increased dispute resolution costs; potential fines up to ₹30 लाख per case
  • Frequency: Annual complaints spike; ongoing per error
  • Root Cause: Inaccurate or delayed reporting by financial institutions

Why This Matters

The Pitch: Collection agencies in India face rising complaints (3,847 in 2023-24) costing time and fines due to credit score data errors. Automation ensures reporting accuracy.

Affected Stakeholders

Legal Team, Customer Service, Reporting Team

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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