Deciphering the dominance: Exploring supremacy of CIBIL score over other credit scores

The Indian economy is growing, technology is pervasive, and it also controls the banking industry. These days, credit bureaus and credit scores are becoming increasingly popular. Also credit score and credit history are taken into consideration whether someone want to borrow money, rent an apartment, acquire righteous insurance, or even land a good job at a reputable firm. This is very prevalent in other developed countries, and it will also be evident in India in the years to come. Many people in India think that a credit score means cibil score. Therefore, the purpose of this study is to determine Cibil's supremacy over other RBI-recognized credit information bureaus. It is found that customers believe Cibil too much, and their credit information is quite accurate, which is why the firm is dominating the market. This dominance is also attributed by increased knowledge of Cibil compared to other bureaus and relatively simple and easy availability. Both primary and secondary data were employed in the investigation. Secondary information collected from different books, journals, and websites as well as primary data gathered using a Google Form questionnaire. The sampling technique adopted was convenient sampling method and data is analysed with the help of different statistical tests.Jel code: G21, G28, D14