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 CommissionCICGovernmentNew DelhiRight to Information ActRight to Information Act 2005RTIShailesh 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: BusinessCICCommander in Chief (TV series)Credit Information CompaniesGeneral managerPrinted circuit boardRegulationReserve 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: cibilCICCredit cardCredit Information CompaniesCredit scoreLoanReserve Bank of IndiaRun 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: BankCentral bankChairmanCICCommander in Chief (TV series)Cooperative bankingGeneral managerRegulation

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 CommissionCICCommunist Party of IndiaElection CommissionRepresentation of the People ActRight to Information ActRight to Information Act 2005RTI 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: CICCredit bureauCredit historyCredit scoreExperianIndiaMumbaiReserve Bank of India

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