RBI asks CICs to prepare data quality index for commercial, microfinance segments

RBI asks CICs to prepare data quality index for commercial, microfinance segments

The Reserve Bank of India on Wednesday asked Credit Information Companies (CICs) to prepare data quality index for commercial and microfinance segments. In June 2014, the RBI had issued directions for setting out a common Data Quality Index (DQI) for assessing the quality of data submissions by Credit Institutions (CIs) to CICs, and improving them … Read more