It is an information repositorythat collates all loan information of individuals andcorporate borrowers. A credit repository helps banks distinguish between a bad and a good borrower andaccordingly offer attractive interest rates to good borrowers and higher interest rates to badborrowers.
The move is based on the recommendations of a committee, headed by Y.M.Deosthalee.PCR will address issues such as information asymmetry, improve access to credit andstrengthen the credit culture among consumers. It can also address the bad loan problemstaring at banks, as corporate debtors will not be able to borrow across banks withoutdisclosing existing debt.Setting up the PCR will help improve India’s rankings in the World Bank’s ease ofdoingbusiness index.
MPPCS Notes brings Prelims and Mains programs for MPPCS Prelims and MPPCS Mains Exam preparation. Various Programs initiated by MPPCS Notes are as follows:-
- MPPCS Mains 2024 Tests and Notes Program
- MPPCS Prelims Exam 2024- Test Series and Notes Program
- MPPCS Prelims and Mains 2024 Tests Series and Notes Program
- MPPCS Detailed Complete Prelims Notes