The Reserve Bank of India (RBI) has reduced the frequency of reporting credit information of borrowers to credit information companies (CIC) to every 15 days from the previous monthly intervals, aiming to provide a more current overview of a borrower's debt status. This move is expected to benefit both borrowers and lenders by facilitating faster updates on repayments and enabling better risk assessments, ultimately contributing to a healthier lending environment. Read The Rest at :
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