The Reserve Bank of India has recently constituted a high-level task f

by

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
This question was previously asked in
UPSC CDS-1 – 2018
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In February 2018, the Reserve Bank of India (RBI) constituted a high-level task force to develop a road map for a comprehensive Public Credit Registry (PCR) in India. The task force was headed by Shri Y. M. Deosthalee, former CMD of L&T Finance Holdings Ltd.
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.
Other members of the task force included experts from banking, information technology, and credit information companies. The task force submitted its report to the RBI later in 2018, recommending the establishment of a PCR by the RBI.

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