Compensation of Rs.100 per day shall be paid by Credit Institutions and CICs for delayed updation/rectification of credit information
The Reserve Bank of India Thursday (October 26, 2023) released the framework for compensation to customers for delayed updation or rectification of credit information by credit institutions (CIs) and credit information companies (CICs). The compensation framework will come into effect six months from the date of this circular, the Reserve Bank said and directed CICs…
