Skip to main content
Home › Indian Laws › Credit Information Companies (Regulation) Act, 2005 › Sections › Section 2 — Definitions
Credit Information Companies (Regulation) Act, 2005 · Section guide

Section 2 — Definitions

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Chapter IPreliminary

What this section provides

Defines the core actors: borrower, client, credit information company, credit institution, specified user and Reserve Bank. ‘Credit information’ covers funded and non-funded facilities, security, guarantees, creditworthiness and other RBI-specified matters. Definitions control the reach of later duties; a person may be a ‘client’ even where acting as guarantor or seeking finance.

← Section 1 — Short title, extent and commencementSection 3 — Prohibition to commence or carry on business of credit inf →

Finin2min summary — explanatory text. The official Act, Rules, Regulations and notifications control if there is any difference. Educational and research resource, not legal, regulatory, tax or investment advice; verify the instrument in force on the relevant date.