Civil service chronicle subscription

PCR in Other Countries

Civil service chronicle subscription PCR in other countries now include other transactional data such as payments to utilities like power and telecom for retail consumers upsc patternand trade credit data for businesses. Regularity in making payments to utilities and trade creditors provides an indication of the credit quality of such customers. pcs exam

Innovation in Lending

Access to credit information, including debt details and repay­ment history would drive innovation in lending. For example, currently most banks focus on large companies for loans and consequently the micro, small and medium enterprises are left with limited options for borrow­ing. With satisfactory payment his­tory and validated debt details made available, it will increase the credit availability to micro, small and me­dium enterprises along with deep­ening of the financial markets. This will support the policy of financial inclusion.