NBFCs seek access to credit repository of large borrowers
NBFCs push for parity with banks, seek access to credit repository of large borrowers SECTIONS Share Synopsis Non-bank lenders that are mandated to report the relevant credit information every quarter don’t have access to the data on their own customers, or prospective customers, through the CRILC portal. Non-bank lenders, considered crucial for helping further the cause of financial inclusion in India’s layered but burgeoning economy, want parity with their banking peers in accessing an exclusive database on large borrowers — for early stress warnings that should give financiers adequa...
Source: indiatimes.com