Following a complaint by a former chief executive of High Mark, the Vigilance Commission asked RBI for a factual report on granting licence to the credit bureau
Moneylife Digital Team
The Central Vigilance Commission (CVC) has sought a factual report from the chief vigilance officer (CVO) of Reserve Bank of India (RBI) in granting licence to troubled and cash strapped High Mark Credit Information Services Pvt Ltd (High Mark).
This follows a complaint from Ajay Kohli, former chief executive of High Mark, who earlier tried to raise the issue of violation of Credit Information Companies Regulations (CICR) Act, 2005 (CICRA) as well as Companies Act, while appointing Prof Dr Anil Pandya as executive chairman of the credit bureau.
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