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GovJobAdda, Bengaluru
shared a Current Affairs Article 1 week ago

Headline : RBI starts process to set up digital Public Credit Registry for capturing all details of borrowers.

Details :

The Reserve Bank has initiated steps to set up a wide-based digital Public Credit Registry (PCR) to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies.

The PCR will also include data from entities like market regulator Sebi, the corporate affairs ministry, Goods and Service Tax Network (GSTN) and the Insolvency and Bankruptcy Board of India (IBBI) to enable the banks and financial institutions to get 360 degree profile of existing and prospective borrowers on a real-time basis.

https://economictimes.indiatimes.com/news/economy/policy/rbi-starts-process-to-set-up-digital-public-credit-registry-for-capturing-all-details-of-borrowers/articleshow/66496220.cms

Section : Business
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