RBI Draft Amendments to Credit Information Reporting Effective April 1 2026

1. Basic Announcement

• Dated: 22 nd March 2010.
• Draft amendments to the Credit Information Reporting Directions, 2025.
• Effective Date: April 1, 2026.
• Aim: To reinforce the credit reporting system.

2. Important Amendments: To Credit Institutions (CIs).

More Reporting:

• The credit information has to be reported on a weekly basis (7th, 14th, 21st, 28th, and last day of the month) instead of bi-weekly as per the current regulation.

Monthly File Submission:

• The entire file of all open and closed borrower accounts should be submitted not later than the 3 rd day of the following month.

CKYC Reporting:

• Should document Central KYC (CKYC) number of the borrower wherever possible.

3. Credit Information Company (CICs) Key Changes.

Greater Surveillance and Reporting:

• CICs should disclose CIs which do not comply with data submission schedules to the RBI through the DAKSH portal twice a year (by March 31 and September 30).

Faster Dispute Resolution:

• The deadline of report sharing on rectification to CIs has been shortened by two days as compared to seven days previously.

Data Quality Index (DQI):

• has to publish DQI scores in Consumer, Commercial, and Microfinance segments at the end of the 7th day of the following month.

4. Covered Entities ( Who is a Credit Institution - CI )

Includes:

• Every Commercial Bank (SFBs, RRBs included).
• All Co-operative Banks (Primary UCBs, State Co-op, Central Co-op).
• All India Financial Institutions ( EXIM, NABARD, NHB, SIDBI, NaBFID).
• Every NBFC (HFCs included) and every Asset Reconstruction Company (ARCs).

Excludes: Payment Banks.

5. India CICs List.

• TransUnion CIBIL
• Equifax
• Experian
• CRIF High Mark