In the context of the Reserve Bank of India’s

Solution

The Central Repository of Information on Large Credits (CRILC) was established by the Reserve Bank of India in 2014 to improve transparency in the credit system. Its main objectives are: • To collect, store, and disseminate credit-related data on large borrowers. • Banks and financial institutions must report details of borrowers having aggregate fund-based and non-fund-based exposures of ₹5 crore (₹50 million) and above. • Banks also need to report the Special Mention Account (SMA) status of such borrowers to CRILC. This system helps RBI in monitoring large exposures and mitigating risks of financial instability.