RBI may set up database of bank loans: Deputy Governor
RBI Deputy Governor Viral Acharya said, on Thursday, that RBI is considering setting up of Public Credit Registry (PCR), an extensive database of bank loans. Acharya suggested the registry would be managed by a public authority like the central bank, and reporting loan details should be mandatory. Notably, current database hosts credit information of those with loans above â¹5 crore. 