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- Public Credit Registry is to be set up by RBI.
- Recommended by Y.M.Deosthalee committee report submitted in April 2018.
- It will act as an information repository that collects all loan information of individuals and corporate borrowers.
- The repository will distinguish between bad and good borrowers and enables to offer attractive interest rates to the good borrowers by the banks.
- Credit information is now available in bits and pieces from various sources but not in a single window.
- It can identify and monitor the health of an asset by tracking its credit performance.
- In some countries, PRC also includes payment of utility bills and other transactional data also.