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Public Credit Registry for India aims to centralize borrower loan-level data to improve credit assessment and financial stability. The proposal establishes a Public Credit Registry to collect comprehensive borrower- and loan-level data (loan terms at origination, restructuring, ratings, defaults, recoveries, secondary sale prices and group exposures) to reduce information asymmetries and strengthen credit assessment, risk management, supervision and financial stability; a High Level Task Force will define scope, coverage thresholds, data elements, integration with existing systems and identifiers, and design a phased, legally and cyber-secure implementation roadmap.
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