The Reserve Bank of India (RBI) on Monday said that it has set up a high - level task force to develop a comprehensive public credit registry (PCR).
"It has been under active consideration of the RBI to set up a transparent and comprehensive PCR - - an extensive database of credit information for India that is accessible to all stakeholders, " RBI Deputy Governor Viral V. Acharya said in the memorandum for the constitution of the task force.
"The task force. . .
will submit its report within six months from the date of its constitution, i. e. , by April 04, 2018. "
According to RBI, the 10 - member task force is headed by Y. M. Deosthalee, ex - CMD, L&T Finance Holdings.
"The task force may invite any experts from World Bank or ECB etc.
if required, with the permission of the chairman, " Acharya said.
The task force will review the current availability of information on credit in India and assess the gaps that could be filled by a comprehensive PCR.
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