In a speech at the RBI's 11th Statistics Day Conference, RBI Deputy Governor Viral Acharya made the case for a Public Credit Registry (PCR), incorporating unique identifiers for borrowers: Aadhaar for individuals, and Corporate Identification Number for companies. "Such registers", Acharya said, "help in enhancing efficiency of the credit market, increase financial inclusion, improve ease of doing business, and help control delinquencies. Incorporating unique identifiers for the borrowers (Aadhaar for individuals and CIN for companies), Reserve Bank’s BSR1 and CRILC datasets can quickly be converted into a useful PCR [Public Credit Registry] covering customers of SCBs [Scheduled Commercial Banks] to start with. It can then be expanded to cover other financial institutions in India. A comprehensive PCR down the road will be even more effective." "[RBI] Governor and I hope we can set up, as a matter of priority, a…
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