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Public Credit Registry
June 18 , 2018
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- 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 and it had submitted its report in April, 2018.
- This registry will distinguish between bad borrowers and good borrowers and will offer interest rates accordingly.
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