It is an information repositorythat collates all loan information of individuals andcorporate borrowers. A credit repository helps banks distinguish between a bad and a good borrower andaccordingly offer attractive interest rates to good borrowers and higher interest rates to badborrowers.
The move is based on the recommendations of a committee, headed by Y.M.Deosthalee.PCR will address issues such as information asymmetry, improve access to credit andstrengthen the credit culture among consumers. It can also
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