Public Credit Registry Current Affairs - 2019

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Six IT Firms in race to for setting up Public Credit Registry

The Reserve Bank of India (RBI) has shortlisted six major IT firms to set up a wide-based digital Public Credit Registry (PCR) for capturing details of all borrowers and wilful defaulters. The RBI will now seek request for proposal from the six vendors. Shortlisted IT Firms The firms shortlisted by the RBI are TCS, Wipro, IBM Read More…

Month:  Categories: Business, Economy & Banking

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RBI initiates steps to set up digital Public Credit Registry (PCR) to capture details of all borrowers

Reserve Bank of India (RBI) has initiated steps to set up wide-based digital Public Credit Registry (PCR) to capture loan information of individuals and corporate borrowers. In this regard, RBI has invited expression of interest (EOI) for developing PSC from companies with turnover of over Rs 100 crore in last three years. Setting up of Read More…

Month:  Categories: Business, Economy & Banking

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Public Credit Registry: New Information Repository to be set up by RBI

The Reserve Bank of India (RBI) has announced that it will set up a Public Credit Registry (PCR) as a repository of information regarding loan information of individuals and corporate borrowers. This decision has been taken as per recommendations of Y.M. Deosthalee committee set up by the central bank. Y.M. Deosthalee Committee Recommendations The Y.M. Read More…

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RBI sets up task force for India Public Credit Registry

The Reserve Bank of India (RBI) has constituted high-level task force on public credit registry (PCR) for India. It will be chaired by Y M Deosthalee, former CMD of L&T Finance Holdings Ltd and will have nine other members. Public credit registry  keeps extensive database of credit information  that is accessible to all stakeholders. It Read More…

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