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MFs, NBFCs may soon get access to large credit information: Report

CRILC captures credit information of large borrowers having aggregate fund-based and non-fund-based exposure of Rs 5 crore and above.

November 28, 2019 / 12:28 PM IST

The Reserve Bank of India (RBI) may give mutual funds and non-banking finance companies access to Central Repository of Information on Large Credits (CRILC), according to a report in Business Standard.

CRILC captures credit information of large borrowers having aggregate fund-based and non-fund-based exposure of Rs 5 crore and above.

"The exercise to get this rolling out has started," a source told the publication.

Moneycontrol could not independently verify the report.

Banks submit the CRILC-Main Report on a monthly basis. The data is collected as per guidelines mandated by the RBI Act, and non-compliance attracts a penalty.
Moneycontrol News
TAGS: #Economy #RBI
first published: Nov 28, 2019 12:26 pm

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