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