Moneycontrol
Last Updated : Nov 16, 2018 09:38 PM IST | Source: Moneycontrol.com

Macro@Moneycontrol | Why is RBI’s public credit registry important?

Sakshi Batra talks to Gaurav Choudhury, Deputy Executive Editor, Moneycontrol, to find out why a credit registry will increase transparency in the financial sector.

Moneycontrol News @moneycontrolcom

With banks increasingly facing the problem of bad loans, what can help them distinguish between good borrowers and bad ones? This is where the RBI’s Public Credit Registry or PCR comes in.

The proposed repository of financial data will contain information about all borrowers. Sakshi Batra talks to Gaurav Choudhury, Deputy Executive Editor, Moneycontrol, to find out why this is an important step, what the implications are and the challenges in implementing this.
First Published on Nov 16, 2018 09:38 pm
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