The Reserve Bank of India has recently constituted a high-level task force on Public Credit Registry (PCR) to suggest a road map for developing a transparent, comprehensive and near-real-time PCR for India. The task force is headed by
Sekar Karnam
Vishakha Mulye
Sriram Kalyanaraman
Y. M. Deosthalee
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Answer is Wrong!
This question was previously asked in
UPSC CDS-1 – 2018
The PCR is intended to be a database containing information on all loan contracts in the country, including their history, purpose, and performance. This is expected to help banks and other financial institutions in credit assessment and also improve transparency in the credit market.