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NBFCs push for parity with banks, seek access to credit repository of large borrowers SECTIONS Share Synopsis Non-bank lenders that are mandated to report the relevant credit information every quarter don’t have access to the data on their own customers, or prospective customers, through the CRILC portal. Non-bank lenders, considered crucial for helping further the cause of financial inclusion in India’s layered but burgeoning economy, want parity with their banking peers in accessing an exclusive database on large borrowers for early stress warnings that should give financiers adequate lead time to deploy the defensive moat. The grouping that represents such lenders has written to the Reserve Bank of India (RBI) for full access to the Central Repository of Information on Large Credits, or CRILC, arguing that information on such accounts should strengthen the credit appraisal process and help enforce greater credit discipline among borrowers.

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