The Reserve Bank of India on 23 October 2017 constituted a 10-member ‘High Level Task Force on Public Credit Registry (PCR) for India’. The task force will be headed by YM Deosthalee, ex-CMD of L&T Finance Holdings.
The other members of the task force are Sekar Karnam, Vishaka Mulye, Rashesh Shah, Sriram Kalyanaraman, Bidisha Ganguly, Sharad Sharma, Vivek Srivastava, Parvathy V. Sundaram and Anujit Mitra.
The Task Force will have its secretariat at Department of Statistics & Information Management.
Terms of reference of the Task Force
• To review the current availability of information on credit in India.
• To assess the gaps in India that can be filled by a comprehensive PCR.
• To study the best international practices on PCR.
• To determine the scope of the comprehensive PCR along with the type of information to be covered along with cut-off size of credit.
• To decide the structure of the new information system or whether the existing systems can be integrated to get a comprehensive PCR.
• To suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India.
• The task force will be required to submit its report on 4 April 2018.
The Task Force can invite any experts from the World Bank, if required, with the permission of the chairman YM Deosthalee.
What: Constituted by RBI
When: 23 October 2017