{"id":758,"date":"2021-03-15T09:34:53","date_gmt":"2021-03-15T09:34:53","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=758"},"modified":"2021-03-15T09:38:03","modified_gmt":"2021-03-15T09:38:03","slug":"rbi-notification-2020-21-data-format-for-furnishing-of-credit-information-to-credit-information-companies-and-other-regulatory-measures","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/rbi-notification-2020-21-data-format-for-furnishing-of-credit-information-to-credit-information-companies-and-other-regulatory-measures\/","title":{"rendered":"RBI , Notification , 2020-21, Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures"},"content":{"rendered":"\n

March 12, 2021<\/p>\n\n\n\n

All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payment Banks
All Primary (Urban) Co-operative Banks\/State Co-operative Banks\/ District Central Co-operative Banks
All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI)
All Non-Banking Financial Companies (including Housing Finance Companies)
All Credit Information Companies<\/p>\n\n\n\n

Madam \/ Sir,<\/p>\n\n\n\n

Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures<\/strong><\/p>\n\n\n\n

  1. 1. Please refer to our circular DBOD.No.CID.BC.127\/20.16.056\/2013-14 dated June 27, 2014<\/strong> inter alia setting out a Uniform Credit Reporting Format for the purpose of reporting credit information to the Credit Information Companies (CICs).<\/li>
  2. <\/li><\/ol>\n\n\n\n

    2. The Uniform Credit Reporting Format has two Annexes. The Annex-I contains two formats for credit reporting, viz., Consumer Bureau and Commercial Bureau, whereas Annex-II contains credit reporting format for Micro Finance Institution (MFI) segment.<\/p>\n\n\n\n

    3. It has now been decided to modify the aforesaid three formats as under:<\/p>\n\n\n\n

    (i)<\/strong> Consumer Bureau<\/strong>: The label of the field \u2018Written off and Settled status\u2019 is modified as \u2018Credit Facility Status\u2019 and it will also have a new catalogue value, viz.,\u2018Restructured due to COVID-19\u2019.<\/p>\n\n\n\n

    (ii)<\/strong> Commercial Bureau<\/strong>: The existing field \u2018Major reasons for restructuring\u2019 will have a new catalogue value, viz., \u2018Restructured due to COVID-19\u2019<\/p>\n\n\n\n

    (iii)<\/strong> MFI Bureau<\/strong>: The existing field \u2018Account status\u2019 will have a new catalogue value, viz., \u2018Restructured due to COVID-19\u2019.<\/p>\n\n\n\n

    1. 4. The modifications are being made to enable banks\/AIFIs\/NBFCs to report the information relating to restructured loans to CICs as envisaged in circular DOR.No.BP.BC.3\/21.04.048\/2020-21 dated August 6, 2020<\/strong>, on the Resolution Framework for COVID-19 related stress<\/li>
    2. <\/li><\/ol>\n\n\n\n
      1. 5. Banks\/AIFIs\/NBFCs should make necessary modification to their systems and commence reporting the above information to CICs within two months from the date of this circular. CICs shall make necessary modifications to their system to reflect the above changes.<\/li><\/ol>\n\n\n\n

        Yours faithfully<\/p>\n\n\n\n

        (Sunil T. S. Nair)
        Chief General Manager<\/p>\n\n\n\n

        For full detail click below<\/strong> :<\/p>\n\n\n\n

        https:\/\/www.dropbox.com\/s\/k2vxs40efhuiw1c\/Rbi%2Cmarch%20notification%2015th.PDF?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

        March 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payment BanksAll Primary (Urban) Co-operative Banks\/State Co-operative Banks\/ District Central Co-operative BanksAll-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI)All Non-Banking Financial Companies (including Housing Finance Companies)All Credit Information Companies Madam \/ Sir, Data Format for Furnishing […]<\/p>\n","protected":false},"author":1,"featured_media":46,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[34],"class_list":["post-758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-rbi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=758"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/758\/revisions"}],"predecessor-version":[{"id":759,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/758\/revisions\/759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/46"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}