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CRILC
Insurance surety bonds data gaps under regulatory lensIn a proactive move to strengthen the financial landscape, Indian regulators are gearing up to close the reporting voids surrounding insura...- RBI imposes Rs 75 lakh penalty on HDFC Bank for regulatory violationsThe Reserve Bank of India has imposed penalties on HDFC Bank, Punjab & Sind Bank, and KLM Axiva Finvest for regulatory compliance deficienc...
- FIDC urges RBI to relax draft guidelines on infrastructure provisioningThe Finance Industry Development Council (FIDC) has urged the Reserve Bank of India (RBI) to reconsider and clarify certain proposals in it...
- RBI imposes penalties on DCB Bank, Tamilnad Mercantile BankRBI penalized DCB Bank and Tamilnad Mercantile Bank for non-compliance with interest rate directives and CRILC reporting revisions. Penalti...
- LIC requests access to RBI's database on large creditorsThe RBI's department of supervision handles the CRILC, which stores data on credit exposures of all borrowers. Noting that insurance firms'...
- LIC in active discussion with RBI for access to debt data via CRILC: Siddhartha Mohanty"The lack of access to CRILC tilts the balance negatively towards LIC as despite being the largest market participant, we are not present o...
- Banks seek more time to report loan frauds to RBI“The issue was discussed in a meeting last month. We have suggested to the RBI that instead of one week, the reporting time should be incre...
- Dig deeper, not wider, for defaulter dataThe data (details of defaulters, asset classification, fraud, etc) gives a larger picture of the borrowers' liabilities across the banking ...
- About 5,200 companies with credit exposure of over Rs 5 cr declared as NPAs till Dec 2021: MoS FinanceScheduled commercial banks (SCBs) and All Indian Financial Institutions report certain credit information of all borrowers having aggregate...
- NBFCs push for parity with banks, seek access to credit repository of large borrowersNon-bank lenders that are mandated to report the relevant credit information every quarter don’t have access to the data on their own custo...
- View: India needs to raise government revenue to ensure equalisation and growthA coordinated effort across taxes and levels of government is necessary to eliminate the tax gap, make the tax system more effective, equit...
- Top 100 wilful defaulters owe lenders Rs 84,632 croreWhile banks wrote off nearly three-fourth of it to clean their balance sheet and get tax benefits, the default borrowers continue to appear...
- UCBs asked to report exposures above Rs 5 croreThe central bank has issued detailed guidelines for reporting such exposure by UCBs to the CRILC (Central Repository on Information on Larg...
- RBI asks UCBs to report large accounts data almost with immediate effectThe detailed guideline stipulate that the reporting frequency of the CRILC (Central Repository on Information on large Credits)– UCBs retur...
- Up to 24% defaulters had safe credit rating: RBI reportThe study has concluded that ratings do not always reflect the asset quality of borrowers in a timely manner and there are concerns over de...
- RBI directs large co-op banks to report exposures above Rs 5 crEarlier in its bi-monthly monetary policy review this month, the RBI had announced that to bring UCBs with assets of Rs 500 crore and above...
- RBI slaps Rs 7 crore penalty on SBI for violating various normsThe penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agre...
- Federal Bank fined Rs 5 cr for non-compliance of RBI normsThe lender was found to have not complied with RBI directions on reporting of data on Central Repository of Information on Large Credits (C...
- RBI imposes Rs 1 crore fine on State Bank of TravancoreThe monetary penalty has been imposed for violation of its instructions including reporting of data to CRILC, it said.
- RBI asks banks to use information from CRILC to open current accountReserve Bank said that it received complaints against banks for opening current account without following due diligence.
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