Current Affairs

RBI Sets up Task force on ‘Public Credit Registry’

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. 
RBI Sets up Task force on ‘Public Credit Registry’ RBI Sets up Task force on ‘Public Credit Registry’ Reviewed by insiya yadav on October 25, 2017 Rating: 5

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