RBI will increase the frequency of reporting of credit score info by lenders to credit score information corporations
The RBI has determined to extend the frequency of reporting of credit score info by lenders, together with Banks and NBFCs, to Credit score Data Firms (CICs) from month-to-month intervals to fortnightly foundation or shorter intervals. That is aimed toward offering a extra up-to-date image of a borrower’s indebtedness. At current credit score establishments (CIs) … Read more