Friday, 24 March, 2023

Fintechs given Credit Bureau access by RBI

<p>Fintech companies can now register as users and gain credit information after the RBI granted them access to the Credit Bureau. The RBI had, in Nov 2021, amended the Credit Information Companies Regulation 2006, to allow &quot;entities engaged in the exchange of credit information and satisfying RBI criteria&quot; access to the credit histories. The amendment reverses the RBI&#39;s previous stand that credit information cannot be shared with Fintechs.<br /> &nbsp;</p>