Question

    What is CRILC

    ?
    A Centre for Repository of Information on Loans Credits Correct Answer Incorrect Answer
    B Central Resource Index on Loan Council Correct Answer Incorrect Answer
    C Credit Resource Information Loan Centre Correct Answer Incorrect Answer
    D Central Repository of Information on Large Credits Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    In 2014 RBI has set up the CRILC to collect, store and disseminate data on all borrowers' credit exposures including Special Mention Accounts having aggregate fund-based and non-fund based exposure of Rs.50 million and above. The Central Repository of Information on Large Credits (CRILC) has proved to be an important tool for effective off-site supervision

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