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THE CENTRAL CREDIT REGISTRY
Banks flag bad loans, rising fraud in SHGsBanks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique regis...- RBI slaps Rs 10.10 lakh penalty on City Union Bank, 2 more entitiesThe Reserve Bank of India has levied fines on three financial entities. City Union Bank faced a penalty for incorrect loan charges and data...
- PSU banks plan common video KYC hubState-run banks are planning to establish a common video KYC hub to integrate their processes with the central KYC registry (CKYCR) to enha...
- Bill for setting up of National Financial Information Registry almost ready: DEA SecretaryEconomic Affairs Secretary Ajay Seth announced that a Bill to establish a National Financial Information Registry is nearly complete. This ...
- Bill for NFIR at advanced stage; likely to be introduced in next session: DEA SecretaryThe National Financial Information Registry (NFIR) Bill was nearing completion and could be presented in the next Parliament session. The N...
- Extend credit in sachets to help overcome recapitalisation challenge: Viral Acharya to PSBsIn the present times, as COVID-19 is likely to have an impact on buffers, many of the private sector banks have already raised capital but ...
- RBI, government working on law to create new database for borrowersThe database will, among other things, allow lenders to give more loans to those with limited credit histories.
- RBI proposes new rules for mortgage securitisationThe central bank would explore measures such as loan contract standards.
- One lakh entries but 1-KYC project still a dreamInstead of submitting a plethora of documents to each and every financial institution, the CKYCR — under the Central Registry of Securitisa...
- RBI shortlists TCS, Wipro, IBM, 3 others for setting up Public Credit RegistryIt'll give lenders a 360-degree real time profile of the existing as well as prospective borrowers.
- Public credit registry better for SMEs, not special norms:Viral AcharyaThe advisory was issued amid pressure from government to do more to support small businesses, which have been impacted by the twin shocks o...
- RBI starts process to set up digital Public Credit Registry for capturing all details of borrowersAn upcoming registry will give banks 360 degree profile of existing and prospective borrowers instantly.
- Coordination between conventional and differentiated banks important inclusive growth: RBIRBI said such coordination is critical for sustaining high and inclusive growth and for reaping the full benefits of demographic, technolog...
- RBI to form panel for setting up public credit registry"The objective is not just improve credit assessment by financial lenders but also of financial lenders themselves," Acharya told reporters...
- RBI mulls an agency to improve credit cultureMaking a strong case for it, RBI Deputy Governor Viral Acharya said a transparent and comprehensive PCR is the need of the hour in India.
- RBI asks banks to upload KYC with central registry from Jan 1Regulated entities other than banks are to upload the KYC data pertaining to all new individual accounts opened on or after from April 1, w...
- Egypt seeks India's help to learn the ropes of SME financingThe visit to India was in collaboration with the India Institute of Banking and Finance to garner expertise of the India's progress in deve...
- RBI to soon set up Central Fraud RegistryThe idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans.
- CIBIL and CERSAI to join hands to help lenders with credit worthiness of realtyCIBIL is joining hands with CERSAI to offer lenders a single window facility to check credit worthiness and legal status of a real estate p...
- Troubled by unwanted calls? Fire your bankUnsolicited marketing calls from banks may finally come under restrain, with the central bank taking measures to fix responsibility on bank...
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