Credit Bureaus Must Resolve Customer Complaint Within 30 Days Else Pay Rs100 Fine Per Day: RBI

Introducing a framework of compensation mechanism for delayed updation or rectification of credit information by the credit institutions (CIs) and credit information companies (CICs), Reserve Bank of India (RBI) has asked them to resolve complaints filed by customers within 30 calendar days or pay a fine of Rs100 per day after that.

Related Keywords

India ,Rajya Sabha ,Bhagwat Karad ,High Mark Credit Information Services Pvt Ltd ,Experian ,Equifax Credit Information Services Pvt Ltd ,Reserve Bank ,Experian Credit Information Company ,India Pvt Ltd ,Experian India ,Mark Credit Information Services Pvt ,Inaccurate Data ,Bureaus Mandated To Rectify Inaccuracy ,Mutual Fund Returns ,Ank Fixed Deposits ,Stocks ,Hares ,Nvestor Returns ,Ortfolio Allocation ,