Equifax launches credit reporting in India

ATLANTA

Equifax has launched a credit reporting business in India, a joint venture involving six Indian financial institutions, the company said Thursday.

The announcement comes five months after the Reserve Bank of India awarded a license for Equifax Credit Information Services Private Ltd. Equifax's partners in the joint venture are Bank of Baroda; Bank of India; Kotak Mahindra Prime Ltd.; Religare Finvest Ltd.; Sundaram Finance Ltd.; and Union Bank of India.

Equifax, which provides credit histories of individual consumers as well as businesses, said the venture offers its credit information services across India with data contributed by the six financial institutions.

Equifax operates in the U.S. and 14 other countries.

Shares of Equifax Inc. rose 17 cents to $30.40 in afternoon trading.