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.
BPCS Notes brings Prelims and Mains programs for BPCS Prelims and BPCS Mains Exam preparation. Various Programs initiated by BPCS Notes are as follows:-
- BPCS 2020 Mains (65th Mains) Tests and Notes Program
- BPCS Prelims Exam 2020 (66th Prelims)- Test Series and Notes Program
- BPCS Prelims and Mains 2020 Tests Series and Notes Program
- BPCS Detailed Complete Prelims Notes