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Web Exclusive | March 2017

TransUnion CIBIL launches CIBIL MSME Rank

In order to support banks and credit institutions to achieve robust credit growth in the Micro, Small and Medium Enterprises (MSME) sector while managing the non-performing assets (NPAs), TransUnion CIBIL launched CIBIL MSME Rank (CMR) – a credit risk rank for MSMEs.

CMR uses machine learning algorithms to predict the probability of an MSME becoming NPA in the next 12 months. CMR provides a ranking to the MSME based on its credit history data on a scale of 1 to 10, CMR1 being the least risky MSME and CMR10 being the most risky MSME. The higher the CMR the higher the risk of NPA associated with the MSME.

Driving access to finance for MSMEs while controlling the quality of portfolios is the topmost priority for banks and credit institutions. Speaking at the launch, Satish Pillai, Managing Director and CEO, TransUnion CIBIL said, “Financial inclusion and credit penetration are the keystones of propelling India on a sustainable high growth trajectory. Availability of credit to MSMEs is the lifeblood of our economy, but the sector is facing an ongoing challenge of rising NPAs. We believe resolving information asymmetry will be a contributor to making objective credit decisions while ensuring a wider and faster access to funds for MSMEs”.

TransUnion CIBIL has considered all the requirements of a Basel compliant model while developing CMR. It is trained on over 7 years of through-the-cycle credit history data. It is developed specifically for MSMEs which are classified based on aggregate exposure between Rs 10 lakh-10 crore.
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