Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures: RBI

Please refer to our cir­cu­lar DBOD.No.CID.BC.127/20.16.056/2013–14 dat­ed June 27, 2014 inter alia set­ting out a Uni­form Cred­it Report­ing For­mat for the pur­pose of report­ing cred­it infor­ma­tion to the Cred­it Infor­ma­tion Com­pa­nies (CICs).

2. Annex I of the for­mat has two parts, Con­sumer Bureau and Com­mer­cial Bureau. It has been decid­ed to cre­ate a new sta­tus val­ue viz; ‘Restruc­tured due to Nat­ur­al Calami­ty’ for the fields ‘Writ­ten Off and Set­tled Sta­tus” in the Con­sumer Bureau and ‘Major rea­sons for restruc­tur­ing’ in the Com­mer­cial Bureau. This mod­i­fi­ca­tion is intend­ed to enable banks/FIs to report to CICs restructured/rescheduled agri­cul­tur­al loans on account of any declared nat­ur­al calami­ties. The ‘Guide­lines for Relief Mea­sures by Banks in Areas affect­ed by Nat­ur­al Calami­ties’ are con­tained in RBI’s cir­cu­lar FIDD.No.FSD.BC.52/05.10.001/2014–15 dat­ed March 25, 2015. Such report­ing would help banks to know if any ear­li­er loans availed by the farm­ers were restruc­tured due to nat­ur­al calamities.

3. Banks/FIs/CICs should make nec­es­sary mod­i­fi­ca­tion to their sys­tems and com­mence report­ing the above infor­ma­tion w.e.f. Sep­tem­ber 30, 2015.

For­mat Attached 

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