Lack of clarity haunts RBI's credit database that eyes a transformation - Kalpana’s interview with Business Standard
It remains unclear how exactly will the PCR function, who will get access to the data, and where will credit bureaus go if their monopoly over individuals' credit data is diluted?
The country’s credit information industry will be transformed when the Reserve Bank of India’s Public Credit Registry (PCR) becomes operational. But the lack of clarity around the soon-to-be-launched credit database has left credit bureaus worried about whether they would still be relevant. The RBI has provided licenses to four credit information companies (CICs), namely TransUnion CIBIL, CRIF High Mark, Equifax, and Experian.
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Original Source: Business Standard