<h1>RBI Orders Banks to Improve Information Sharing on Credit and Derivatives to Curb Rising NPAs by January 2013.</h1> The Reserve Bank of India (RBI) has observed a significant increase in non-performing assets (NPAs) and restructured loans among banks, primarily due to inadequate information sharing regarding credit, derivatives, and unhedged foreign currency exposures. To address this, the RBI mandates that banks must adhere to existing instructions on information exchange and establish an effective mechanism by December 2012. From January 1, 2013, any new or renewed loans should only be sanctioned after obtaining the necessary information. Non-compliance will result in penalties. Detailed guidelines will be issued separately.