<p>The Reserve Bank on Monday said it has set up a high-level task force on a Public Credit Registry for India with an aim to improve ease of doing business and control delinquencies.<br /><br />The 10-member panel headed by Y M Deosthalee, former CMD of L&T Finance Holdings, will review the current availability of information on credit in India. In a statement, the RBI said it has been under its active consideration to set up a transparent and comprehensive public credit registry (PCR), an extensive data base of credit information that is accessible to all stakeholders.<br /><br />The PCR would “help in enhancing efficiency of the credit market, increase financial inclusion, improve ease of doing business and help control delinquencies,” the release said.<br /><br />The panel has been also asked to assess gaps in availability of information.</p>
<p>The Reserve Bank on Monday said it has set up a high-level task force on a Public Credit Registry for India with an aim to improve ease of doing business and control delinquencies.<br /><br />The 10-member panel headed by Y M Deosthalee, former CMD of L&T Finance Holdings, will review the current availability of information on credit in India. In a statement, the RBI said it has been under its active consideration to set up a transparent and comprehensive public credit registry (PCR), an extensive data base of credit information that is accessible to all stakeholders.<br /><br />The PCR would “help in enhancing efficiency of the credit market, increase financial inclusion, improve ease of doing business and help control delinquencies,” the release said.<br /><br />The panel has been also asked to assess gaps in availability of information.</p>