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    <title>RBI seeks Public Comments on Report on Data Format for Furnishing of Credit Information to CICs</title>
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    <description>The Report recommends standardising and expanding credit information furnished to CICs by making all credit institutions members of CICs, broadening product coverage, and adopting common data formats; CIRs should use a common credit score classification, report co borrower/guarantor details, provide a single borrower CIR via unique identifiers, link with CERSAI for mortgage data, enable online corrections, disclose disputes and customer comments, prioritise grievance redressal, allow direct reporting of wilful defaults to CICs, publish suit filed data accessibly, supply free CIRs to customers, and implement a Data Quality Index.</description>
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    <pubDate>Mon, 24 Mar 2014 10:12:57 +0530</pubDate>
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