Public credit registry(PCR)

Public credit registry

Question. Consider the following statements regarding Public credit registry recently launched by RBI:
(A)RBI deputy governer Viral Acharya has presented the Public credit registry.
(B)It has proviso for Aadhar to individual borrowers and corporate identification to firms.
(C)This registry will help banks in distinguishing good loans and bad loans.
Of the above which statements is/are correct?

  1. A & B
  2. B & C
  3. Only A
  4. All of the above

Answer. 4

Related facts:

  • Public credit registry (PCR) is meant to have all the data elated to loan taken y individuals as well as corporate. It distinguished between good and bad loans.




  • This move was forwarded on the recommendation of Y. M. Deosthalee. This will help in strengthening the access of credit and eliminating information asymmetry. It will also better the rank of India in ease of doing business. It will give a major boost to the financial inclusion policy.

 

                                                                                                  Ramayan Upadhyay

Links:

https://www.thehindu.com/business/why-is-a-public-credit-registry-important/article24849543.ece

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.