RBI issues Amendment Directions to amend Credit Information Reporting Directions, 2025

**Executive Summary** This document announces the Reserve Bank of India's (RBI) issuance of Amendment Directions to the Credit Information Reporting Directions, 2025. The aim is to transition Credit Institutions (CIs) to weekly incremental submission of credit information to Credit Information Companies (CICs), improving data submission and error rectification. These directions are effective as of December 4, 2025, following a review of public feedback on the draft directions released on September 29, 2025. **Key Points / Main Content** * **Background:** * Current guidelines mandate fortnightly or shorter intervals for CIs to submit credit information to CICs. * Given the reliance on Credit Information Reports (CIRs) for credit underwriting, more recent data is critical. * **Amendment Directions:** * Transition to weekly incremental submission of credit information by CIs to CICs. * Measures to facilitate faster data submission and error rectification. * Statement on feedback received for the draft Directions is provided in the Annex. * Ten Amendment Directions relating to credit information reporting process are issued. * **Specific Amendment Directions:** * Amendment Directions have been issued for various financial institutions, including: * Commercial Banks * Small Finance Banks * Local Area Banks * Regional Rural Banks * Urban Co-operative Banks * Rural Co-operative Banks * All India Financial Institutions * Non-Banking Financial Companies * Asset Reconstruction Companies * Credit Information Companies * **Objective:** * To ensure more frequent, accurate, and timely reporting of credit information by CIs to CICs. * To improve the quality and recency of CIRs used in credit underwriting and monitoring. **Impact Analysis** **Stakeholder: Credit Institutions (CIs)** * **Impact:** CIs will need to adapt their reporting processes to submit credit information weekly instead of fortnightly. * **Action Required:** Implement systems and processes to ensure weekly incremental submission of accurate and timely credit information to CICs, along with improved data submission and error rectification. **Stakeholder: Credit Information Companies (CICs)** * **Impact:** CICs will receive more frequent data updates, allowing for more current and accurate CIRs. * **Action Required:** Adapt systems to receive and process weekly data submissions from CIs. **Stakeholder: Borrowers** * **Impact:** Borrowers will benefit from more accurate and up-to-date CIRs, potentially leading to better credit assessments and more favorable lending terms. * **Action Required:** No action required. **Stakeholder: Reserve Bank of India (RBI)** * **Impact:** The RBI will be able to better monitor credit information reporting and ensure the integrity of the financial system. * **Action Required:** Monitor the implementation of the new Amendment Directions and assess their impact on the quality and timeliness of credit information reporting.

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