President calls upon Public Authorities to be Proactive and put Information in the Public Domain
President Shri Pranab Mukherjee has called upon public authorities to be proactive and voluntarily put information in the public domain for the use of citizens. Inaugurating the Eighth Annual Convention of Central Information Commission in New Delhi today, he said a large number of appeals/complaints before the Commission, however, are also indicative of the need… Read More
Tags: Central Information Commission, CIC, Government, New Delhi, Right to Information Act, Right to Information Act 2005, RTI, Shailesh Gandhi
UCBs – Compliance with Credit Information Companies (Regulation) Act, 2005
RBI/2013-14/202 UBD CO BPD PCB Cir.No.4/16.74.000/2013-14 August 27, 2013 The Chief Executive Officer All Primary Urban Co-operative Banks Dear Sir / Madam, Compliance with Credit Information Companies (Regulation) Act, 2005 Please refer to circular UBD BPD (PCB) Cir.No.25/09.11.200/2009-10 dated December 3, 2009 in terms of which it was advised that as UCBs fall under the category of… Read More
Tags: Business, CIC, Commander in Chief (TV series), Credit Information Companies, General manager, Printed circuit board, Regulation, Reserve Bank of India
Complaints Against CIBIL
Cases of providing inaccurate Credit Information Reports by CIBIL are reported to the Reserve Bank of India (RBI). The Credit Information Companies (Regulation) Act, 2005 (CIC Act), under which CIBIL functions, has a provision for alterations/corrections or updation of credit information on borrower/client™s request. The prescribed procedures are followed by Credit Information Companies for updation… Read More
Tags: cibil, CIC, Credit card, Credit Information Companies, Credit score, Loan, Reserve Bank of India, Run batted in
StCBs/CCBs – Credit Information Companies (Regulation) Act, 2005 Compliance
RBI/2013-14/174 RPCD.CO.RCB.BC.No.19/07.51.010/2013-14 August 07, 2013 The Chairman All State and Central Co-operative Banks (StCBs and CCBs) Dear Sir, Credit Information Companies (Regulation) Act, 2005 Compliance Please refer to our Circular RPCD.CO.RF.BC.No.44-07.40.06-2009-10 dated December 01, 2009 advising StCBs and CCBs that in terms of Section 15(1) of Credit Information Companies (Regulation) Act, 2005, every credit institution has to… Read More
Tags: Bank, Central bank, Chairman, CIC, Commander in Chief (TV series), Cooperative banking, General manager, Regulation
Amendment to the Right to Information Act, 2005
The Union Cabinet has approved introduction of a Bill in the coming session of the Parliament to amend the Right to Information Act, 2005, to exclude the political parties from the definition of Public authority for the purpose of the Act. The Central Information Commission (CIC) in its decision dated 03.06.2013, has held that the… Read More
Tags: Central Information Commission, CIC, Communist Party of India, Election Commission, Representation of the People Act, Right to Information Act, Right to Information Act 2005, RTI Act
Credit Information Companies: Seeking New Frontiers
(Inaugural address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Experian India Conclave 2013 organized in Mumbai on July 5, 2013) Dr. Richard Fiddis, Managing Director Strategic Markets, Experian; Mr. Vikram Narayan and Mr. Mohan Jayaraman, Managing Directors, Experian Credit Information Company of India Pvt. Ltd.; senior members from the financial… Read More
Tags: CIC, Credit bureau, Credit history, Credit score, Experian, India, Mumbai, Reserve Bank of India