Cibil Scores Demystified: “Unlock the Power of Your Credit Score” book launched

Co-authored by seasoned retail bankers – Arun Ramamurthy, GauravWadhwani and AmanKapoor, the book simplifies the various facets of Credit and Cibil Scores to help laymen 

New Delhi: Unlock the Power of Your Credit Score, a bookco-authored by seasoned retail bankers – Arun Ramamurthy, GauravWadhwani and AmanKapoor to simplify the various facets of Credit and Cibil Scores to help laymen was released by Mr. SriramKalyanaraman, Managing Director & CEO at National Housing Bankin a stimulating event held at Oxford Bookstore inNew Delhi. The launch was preceded by an extremely informative discussion on credit scores and need for proper management amongst the authors and assembled guests. The self-published book isavailable on online platforms like Flipkart, Amazon andInfibeamas well as prominent book stores on orders.



Living up to their individual social responsibilities, the authors have announced that the net proceeds from sale of the book will be donated for the cause of improving credit literacy in areas most affected by instances of farmer suicides, many of the farmers take the extreme step because they can’t manage credit due to lesser earnings from crop failure. The initiative called #Bookahelpinghand will be used in future to further support such farmers and their families.

The book has neatly segregated credit related issues into three segments for explaining to readers starting with Building Blocks of Credit going on to Cibil Scores and Their Importance and then sharing important Tips for Being Credit Healthy. Three annexures have been added to make it even more comprehensive with information on How to Read a Credit Bureau Report, Sample Budgeting Sheet, Credit Information Companies (Regulation) Act, 2005.

Elaborating on the reason for writing this book, Mr. Arun Ramamurthy, Co-author of Unlock the Power of Your Credit Score and Co-Founder, Credit Sudhaar said, “Credit is an integral part of every adult Indian’s financial life. Access to credit is increasingly a function of our past actions, which are evaluated, in statistical terms such as credit scores. More than 20 crore people in India have a credit score. However, only a miniscule percentage knows its true importance. We are hoping to spread awareness on this amongst Indian’s through the book.”

Expressing his happiness on the launch of a book on credit scores, Mr. SriramKalyanaraman, Managing Director & CEO at National Housing Banksaid, “People are becoming increasingly dependent on credit while lending institutions are becoming increasingly dependent on credit reports. It takes knowledge, time and effort to stick with a personal debt repayment plan and maintaining the right balance for a credit healthy life. I am happy that through this book, some light as been thrown on this extremely crucial yet an ignored aspect of our lives. My advice to everyone- Read,

Understand and Apply, as your credit health is as important as your physical and mental health.”
Mr. GauravWadhwani, Co-author of Unlock the Power of Your Credit Score and Co-Founder, Credit Sudhaar added, “We are sure that this book will help people to “discover” the “Cibil Score” and guide them on how they can harness its true potential.”

Mr. AmanKapoor, Co-author, Unlock the Power of Your Credit Score opined, “It is important for all Indian’s and especially youngsters to know the perils of wrong use of credit and negative credit behavior. The Karmic action of negative credit behavior haunts them at the time when they require it most like maybe when applying for a home loan.”  The book has been priced at Rs. 249.