RBI Amends Credit Information Reporting Directions to Mandate Weekly Credit Data Submission

Press Release: 2025-2026/1626, Dated: 04.12.2025

1. Regulatory Background

The Reserve Bank of India (RBI) has issued Amendment Directions to modify the Credit Information Reporting Directions, 2025, following an examination of feedback received on the earlier draft framework. The revised norms aim to strengthen reporting discipline and improve the accuracy and timeliness of credit information shared by regulated entities with Credit Information Companies (CICs).

2. Shift to Weekly Incremental Reporting

A key change introduced under the amended Directions is the shift from periodic bulk reporting to weekly incremental submissions, ensuring that any new credit activity or change in borrower information is captured in near real time.

2.1 Expected Outcomes

• Faster reflection of loan sanctions, repayments, restructuring, defaults, and delinquency status
• Better quality of credit underwriting and monitoring
• Reduction in data lags that may otherwise impair credit assessment or risk scoring
• Stronger market-wide transparency and early detection of financial stress

3. Enhanced Data Submission and Error Rectification

The amendments introduce new measures to:

• Accelerate data submission timelines by reporting institutions
• Improve rectification mechanisms for errors or mismatches identified by CICs, borrowers, or institutions
• Ensure system-driven transparency, traceability, and accountability for any correction requests

The framework supports faster turnaround in correcting inaccurate or incomplete records, which enhances borrower experience and safeguards credit integrity.

4. Entities Covered

RBI has issued ten Amendment Directions, each applicable to different segments of regulated credit institutions, including:

• Banks
• Financial institutions
• Non-Banking Financial Companies (NBFCs)
• Asset Reconstruction Companies (ARCs)
• Credit Information Companies (CICs)

The harmonised changes ensure consistent, frequent, and high-quality reporting across the full credit ecosystem.

5. Regulatory Intent

The amended Directions seek to:

• Improve the accuracy, freshness and completeness of credit information databases
• Enhance risk assessment, credit decisioning and early-warning analytics
• Protect consumer interests by reducing disputes caused by outdated or inaccurate credit bureau records
• Align credit information reporting with data-driven supervision and systemic risk visibility

These measures support a more predictive, responsive, and resilient lending environment, particularly as credit growth broadens across banks, NBFCs and fintech platforms.

6. Compliance Considerations for Institutions

Entities covered under the framework should:

• Upgrade internal MIS, reporting infrastructure and system interfaces
• Ensure strong coordination between credit operations, IT systems, and CIC integration
• Establish robust workflows for data validation, submission, and correction
• Monitor weekly reporting discipline to avoid regulatory slippages
• Build automated flags for error notifications, dispute resolution, and back-end rectifications

Failure to comply with revised timelines or quality requirements may invite supervisory scrutiny, penalties, or reporting restrictions.

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