RBI shortlists TCS, Wipro to set up Public Credit Registry
Reserve Bank of India has shortlisted six IT majors including TCS, Wipro and IBM India to set up Public Credit Registry (PCR) for capturing details of borrowers and wilful defaulters. The other shortlisted companies are Capgemini Technology Services India, Dun & Bradstreet Information Services India, and Mindtree. RBI aims to address information asymmetry and improve access to credit through PCR.