RBI to set up Public Credit Registry to make credit market more efficient

The move follows recommendations by a high-level task force on Public Credit Registry for India, with Yeshwant M Deosthalee as chairman

The Reserve Bank of India (RBI) has decided to set up a Public Credit Registry (PCR), which would be an extensive database of credit information for India, accessible to all stakeholders.

The PCR will be introduced in a modular and phased manner. An Implementation Task Force is being constituted by RBI to help design and undertake logistics for the next steps in setting up of the PCR, said the RBI in its Statement on Developmental and Regulatory Policies.

This move follows recommendations by a high-level task force on PCR for India, with Yeshwant M Deosthalee as chairman. The task force