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 ..

Month: Current Affairs - December, 2018

Topics: Capgemini • CRILC • Dun & Bradstreet Information Services • IBM India • Mindtree • Public Credit Registry • RBI • TCS • Wipro

Current Affairs: November 05, 2018

Here are the main headlines for current Events of November 05, 2018. National Current Events National Seminar on Entrepreneurship and Business Development in Ayurveda being organised by the Ministry of AYUSH in New Delhi on November 4-5 A two-day National Seminar organised by the AYUSH Ministry on Entrepreneurship and Business Development in Ayurveda. ‘Ayurveda Day’ ..

Category: Government Schemes Current Affairs

Topics: Ayurveda • Geography of India • Kher • Members of the Lok Sabha • Ministry of Ayush • Naveen • Naveen Patnaik • NDMC • New Delhi • North India • Public Credit Registry • South Asian culture

RBI initiates steps to set up digital Public Credit Registry (PCR) to capture details of all borrowers

Reserve Bank of India (RBI) has initiated steps to set up wide-based digital Public Credit Registry (PCR) to capture loan information of individuals and corporate borrowers. In this regard, RBI has invited expression of interest (EOI) for developing PSC from companies with turnover of over Rs 100 crore in last three years. Setting up of ..

Month: Current Affairs - November, 2018

Topics: Bad Loans • Banking • Business • Deosthalee committee • Digital PCR • Economy • Public Credit Registry

RBI starts process to set up PCR for capturing borrowers’ details

The Reserve Bank of India (RBI) has initiated steps to set up a wide-based digital Public Credit Registry (PCR) to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies. The PCR will also include data from entities like market regulator SEBI, the Ministry of ..

Topics: Bankruptcy • Credit • Debt • Finance • India • Insolvency and Bankruptcy Board of India • Public Credit Registry • Reserve Bank of India • Securities and Exchange Board of India

RBI to set up Public Credit Registry (PCR) to check loan defaults

In a bid to check loan defaults, the Reserve Bank of India (RBI) has considered the recommendations of YM Deosthalee-headed High Level Task Force and will set up a Public Credit Registry (PCR) in a modular and phased manner. The PCR is an information repository that collates all loan information of individuals and corporate borrowers. ..

Topics: Banking • Capital market imperfections • Credit • Economy • Finance • Loans • Money • Mortgage • Predatory lending • Public Credit Registry • Reserve Bank of India