Banks Considering a Database of Frauds

Current Context: As directed by the Reserve Bank of India, Banks are considering constituting a database of frauds, for better credit penetration.

• A database readily available to the banks would help them to provide genuine credit and the worthy borrowers would not suffer.
• On the lines of the Central Fraud Registry, the Indian public and private sector banks are also mulling having a similar database, that would record even attempted fraud.
• This database would include both the corporate and retail borrowers. This database would be contributed by both the public and private sector banks.

Question:

Q.1 Which organization has introduced a central registry of frauds?
a. SEBI
b. RBI
c. PFRDA
d. IRDAI