Circulation of credit information: RBI notification paves the way for “Specified Users”
– Team Finserv | finserv@vinodkothari.com
Background
One of the important elements of the lending process is credit evaluation of customers, which involves referring to the credit information of such customers. Credit information is the information relating to credit performance or credit worthiness of the customer. Procurement, storage and distribution of such credit information is regulated by the Credit Information Companies (Regulation) Act, 2005 (‘Act’)[1] and the regulations made thereunder. Read more →