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Switch to real-time data: RBI to credit bureaus
The New Indian Express Kannur
|July 03, 2025
STATING that quicker relaying of data from credit bureaus will help deepen public trust, efficiency and transparency in the financial system, the senior-most deputy governor of the Reserve Bank, M Rajeshwar Rao, has asked credit information companies like Transunion Cibil to switch to real-time data reporting from the fortnightly model being followed now.
"We must aspire to more frequent updates. Real-time or near-real-time credit reporting will improve underwriting precision, enable
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