The information
on CPs issued by the companies shall be reported on a monthly basis to all the
four credit information companies (CICs) by the bank designated as the Issuing
and Payment Agent (IPA).
If there are
multiple IPAs for a single CP issue, they shall report the details pertaining
to the portion which is with them. The IPA shall also report any default in the
redemption of the CP issue.
The information
regarding UFCE of individual borrowers shall be reported on a quarterly basis
to all the four CICs by the lending bank /consortium leader /largest lender.
Based on RBI circular dated 23/06/2016. For any further
clarification please refer www.rbi.org.in …………Poppy
No comments:
Post a Comment