In exercise of the powers conferred by Section 11 of the Credit Information Companies (Regulations) Act, 2005 (CICRA), the Reserve Bank of India (‘the RBI’) has issued the Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025, with the objective and aim to establish a standardised framework for reporting and dissemination of credit information; safeguard the confidentiality and security of sensitive credit data; provide mechanisms for consumers to access their credit information and grievance redressal on matters related to credit information reporting.
These Directions shall come into force with immediate effect and shall be applicable to all “Credit Institutions (CIs)” which includes all Commercial Banks (including Small Finance Banks, Local Area Banks and Rural Banks, and excluding Payment Banks), All Primary (Urban) Co-operative Banks, State Co-operative Banks and Central Co-operative Banks All India Financial Institutions (AIFIs) regulated by the Reserve Bank, viz., Export Import Bank of India (EXIM Bank) National Bank for Agriculture and Rural Development (NABARD) National Housing Bank (NHB) Small Industries Development Bank of India (SIDBI) and National Bank for Financing Infrastructure and Development (NaBFID) All Non-Banking Financial Companies. It will also include all Housing Finance Companies) and All Asset Reconstruction Companies (ARCs).
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