The Reserve Bank has decided to create a central repository on large borrowers — both individuals and entities — with exposure of more than Rs 10 crore to help banks deal with credit risks.
The RBI, in a notification, said it is necessary to build a repository of large credits and share with the banks for enabling them to be aware of building leverage and common exposures.
“Accordingly, it has been decided to use the information supplied by the banks through the Return on Large Borrowers (Form A)...which captures the system-wide exposure of individuals and entities having exposure (both fund and non-fund based) of more than Rs 10 crore, for creation of a central repository of large credits across banks,” it said.
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