Amendments To Credit Reporting Framework Under RBI Oversight

Posted On - 7 January, 2026 • By - King Stubb & Kasiva

The Reserve Bank of India has issued 10 ‘Amendment Directions’ to improve the efficiency of the credit reporting process of the credit institutions. All of the amendments are made under Section 11 of Credit Information Companies (Regulation) Act, 2005.

The amended directions are scheduled to come into effect from July 1, 2026

Key Takeaways from the Amendments

Frequent Reporting

  • The RBI amended the directions to facilitate the weekly submission of the credit information so as to match the increasing burden on Credit Institutions to reflect the most recent and accurate data.
  • According to the amendment, the Credit Institution shall keep the credit information updated regularly, either on ‘short intervals as mutually decided’ upon between the CI and the CIC OR
  • A CI shall submit credit information as on the 9th, 16th, 23rd and the last day of the month to CICs
  • CI shall submit the full file containing such credit information records as on the last day of the month to CICs, no later than by the 5th day of the next month and
  • such file should contain the information on all active accounts in the books of CI since the last reporting reference date.

Regulatory Check

  • CICs to report on DAKSH Portal the CIs which failed to adhere to the data submission timelines.
  • A new clause is inserted in the existing directions which mention that a CI shall report Central KYC (CKYC) number of its borrowers as and when available.
  • The amendments extend to various institutions including ARCs, NBFCs, AIFIs and various Banks.

Rectification Mechanism

  • The rejected data shared by CICs is to be rectified and shall be re-submitted to the CICs along with submission of data of subsequent reporting reference date.

Uniformity in Data Compliance

  • Further, specifically for the Credit Information Companies, it is mandatory to frame uniform data acceptance validation rules and share those rules with the respective Cis so that rejection remains minimal and any such rejection is to be reported with the CI within 03 calendar days of their receipt.
  • CICs are mandated to implement a uniform Online Maintenance Format and relevant associated encryption standards, upgrading the MIS and data compliance software.
  • CIC shall maintain an equitable DQI Score Mechanism for all the reporting segments and such should be notified to the Cis on a monthly basis to the Cis to facilitate error free data