CIBIL stands for Credit Information Bureau (India) Limited. It is the first credit information company in India, established in August 2000. it is said to be TransUnion CIBIL which is India’s leading credit information company and maintains one of the largest collections of consumer information globally.
The CIBIL Score effectively predicts whether a potential borrower is likely to default on one or more trade lines after 91 days in the next 12 months. The score considers all the borrower’s trades, secured and unsecured, enabling you to better manage risk, minimize losses and increase profitability.
Source – CIBIL official website