RBI Issues 10 Amendment Directions to Enhance Credit Information Reporting Accuracy and Timeliness

On 4-12-2025, the Reserve Bank of India issued 10 Amendment Directions to amend the extant instructions relating to credit information reporting process. The main objective is to ensure more frequent, accurate and timely reporting of credit information by Credit Institutions to Credit Information Companies, thereby improving the quality and recency of Credit Information Reporting used in credit underwriting and monitor

Background:

1. The extant guidelines stipulate submission of credit information by Credit Institutions to Credit Information Companies at fortnightly or shorter intervals.

2. With increasing reliance on Credit Institutions on Credit Information Reports in credit underwriting processes, it was imperative that the Credit Information Reports provided by Credit Information Companies reflect more recent information.

3. Therefore, the proposal for weekly incremental submission of credit information was made to facilitate faster data submission and error rectification.

Hence, the Reserve Bank of India has issued the following 10 amendment directions to amend the extant instructions:

1. Reserve Bank of India (Commercial Banks- Credit Information Reporting) Amendment Directions, 2025;

2. Reserve Bank of India (Small Finance Banks- Credit Information Reporting) Amendment Directions, 2025;

3. Reserve Bank of India (Local Area Banks- Credit Information Reporting) Amendment Directions, 2025;

4. Reserve Bank of India (Regional Rural Banks- Credit Information Reporting) Amendment Directions, 2025;

5. Reserve Bank of India (Urban Co-operative Banks- Credit Information Reporting) Amendment Directions, 2025;

6. Reserve Bank of India (Rural Co-operative Banks- Credit Information Reporting) Amendment Directions, 2025;

7. Reserve Bank of India (All India Financial Institutions- Credit Information Reporting) Amendment Directions, 2025;

8. Reserve Bank of India (Non- Banking Financial Companies- Credit Information Reporting) Amendment Directions, 2025;

9. Reserve Bank of India (Asset Reconstruction Companies- Credit Information Reporting) Amendment Directions, 2025;

10. Reserve Bank of India (Credit Information Companies- Credit Information Reporting) Amendment Directions, 2025;