The Reserve Bank today directed regional rural bank (RRBs) to comply withCredit Information Companies Act and take immediate steps to become member of at least one of the credit information companies.
"...it has come to our notice that a large number of RRBs are not members of any Credit Information Company as required under the Act. Therefore, immediate steps may be taken by RRBs to become members of at least any one CIC," RBI said in a notification.
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