CRILC Current Affairs, GK & News

RBI directs large co-op banks to report all exposures above Rs.5 crore

Reserve Bank of India (RBI) has directed large cooperative banks to report all aggregate exposures of Rs.5 crores and more to Central Repository of Information on Large Credits (CRILC). The move is aimed at early recognition of financial distress. Key Highlights Earlier in its bi-monthly monetary policy review in December 2019, the RBI had announced ..

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Six IT Firms in race to for setting up Public Credit Registry

The Reserve Bank of India (RBI) has shortlisted six major IT firms to set up a wide-based digital Public Credit Registry (PCR) for capturing details of all borrowers and wilful defaulters. The RBI will now seek request for proposal from the six vendors. Shortlisted IT Firms The firms shortlisted by the RBI are TCS, Wipro, IBM ..

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