To get ReadyForNext Digital Assessment by Vi Business click at the below Link
bit.ly/4dIQvi4
Reserve Bank of India has issued a Notification on August 08, 2024 on Frequency of reporting of credit information by Credit Institutions to Credit. RBI has clarified that Considering the faster turnaround time in credit underwriting through digital processes, it is imperative that the Credit Information Reports (CIRs) provided by CICs reflect a more current information, enabling lenders
to make informed credit decisions.
Accordingly, in exercise of the powers conferred by sub-section (1) of section 11 of the Credit Information Companies (Regulation) Act, 2005 (CICRA, 2005), it has been directed by RBI that CICs and CIs shall keep the credit information collected/maintained by them updated regularly on a fortnightly basis (i.e., as on 15th and last day of the respective month) or at such shorter intervals as mutually agreed upon between the CI and the CIC. The fortnightly submission of credit information by CIs to CICs shall be ensured within seven (7) calendar days of the relevant reporting fortnight.
RBI has further directed the CICs to ingest credit information data received from the CIs, as per
their data acceptance rules, within seven five calendar days of its receipt from the CIs in place of earlier guidelines of seven days.
These instructions shall be effective from January 1, 2025. However, the CIs and CICs are encouraged to give effect to these instructions as expeditiously as feasible but not later than
January 1, 2025.
#ReadtForNext #vibusiness #rbi #creditscore
Негізгі бет अब आपका Credit Score Update होगा 15 दिन मे. Reserve Bank of India का बड़ा आदेश.
Пікірлер: 68