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RBI Sets up Task force on ‘Public Credit Registry’

Published on October 25, 2017
The Reserve Bank of India has formed a 10-member ‘High Level Task Force on Public Credit Registry (PCR) for India’

RBI Sets up Task force on ‘Public Credit Registry’

  • The committee will suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India.
  • The committee will help to enhance credit market efficiency, boosting financial inclusion, improving ease of doing business and helping control delinquencies.
  • The members of the committee would review the current availability of information on credit in India, assess the gaps that could be filled by a comprehensive registry and study best international practices. 
  • It will be headed by YM Deosthalee, ex-CMD, L&T Finance Holdings.
  • The other members of the committee are: Sekar Karnam, Vishaka Mulye; Rashesh Shah,  Sriram Kalyanaraman
  • Public credit registry coverage reports the number of individuals and firms listed in a public credit registry with current information on repayment history, unpaid debts, or credit outstanding. 
  • The number is expressed as a percentage of the adult population. 
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