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Question

Expand CRILC

A Central Repository of Information on Large Credits Correct Answer Incorrect Answer
B Central Regulation for Income on Large Credits Correct Answer Incorrect Answer
C Central Republic of Information on Large Credits Correct Answer Incorrect Answer
D Central Repository of Income on Large Credits Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

RBI has constituted a Central Repository of Information on Large Credits (CRILC) to collect, store, and publish data on all borrowers’ credit exposures. Banks/Financial Institutions are expected to report findings to CRILC. Banks will have to provide credit information to CRILC about their borrowers with an aggregate fund-based and non-fund-based exposure of over Rs.5 Crores (Rs.50 million). Banks should also report the SMA status of their borrowers to the Central Repository of Information on Large Credits. It was built in 2014

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