RBI seeks 'borrower ID' to reduce credit score errors

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added a post in Business

2025-07-02 23:08:09 -

RBI is advocating for a secure, unique borrower identifier to eliminate data duplication and inaccuracies within credit bureaus, ultimately aiming to improve loan accessibility. This initiative is coupled with the development of a unified lending interface and the exploration of digital rupees for targeted lending programs.

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