Co-op Banks Must Add DIN in Credit Data Submissions
Current · Source: Reserve Bank of India · RBI/2010-11/353 · issued 05 Jan 2011 · ~1 min read
Quick answerRBI advises State and Central Co-operative Banks to include Director Identification Number (DIN) in data submitted to credit information companies to help avoid wrongful denial of credit due to similar director names.
The rule, in the simplest words
Co-op banks must add Director Identification Number (DIN) to credit data submissions to avoid wrongful denial of credit due to similar director names.
DIN will help improve accuracy and completeness of credit information by reducing false matches.
Banks must update their data submission templates to include DIN for all directors of borrowing entities.
How it plays out — a real example
A co-operative bank branch officer in Indore, Mr. Kumar, is thrilled to implement this new rule. He updates the data submission template to include the Director Identification Number (DIN) for all directors of borrowing entities. This ensures that only genuinely defaulting directors are flagged, reducing false matches and improving the accuracy of credit information. Mr. Kumar is confident that this change will help his bank make more informed lending decisions.
What changed
RBI has advised co-operative banks to include the Director Identification Number (DIN) as a field in the data format sent to credit information companies. This follows observations that similar names of directors of different firms often lead to incorrect denial of credit. The change aims to improve accuracy and completeness of credit information.
What it means for you
Banks must update their data submission templates to include DIN for all directors of borrowing entities. This will reduce false matches and ensure that only genuinely defaulting directors are flagged. It also aligns with the broader push for unique identification in credit reporting.
What you must do
Update your data submission format to include the DIN field for all directors of firms/companies.
Train your credit and data teams on the new requirement to ensure compliance.
Verify that your IT systems can capture and transmit DIN accurately to credit information companies.
Acknowledge receipt of this circular to your respective Regional Office.
Who it affects
State Co-operative Banks, Central Co-operative Banks
❓ Common questions
Why is DIN being added to credit data submissions?
To prevent wrongful denial of credit due to similar names of directors across different firms. DIN ensures unique identification of each director.
Which banks are required to comply with this directive?
All State Co-operative Banks and Central Co-operative Banks must include DIN in data submitted to credit information companies.
What should we do if our system doesn't currently capture DIN?
You need to update your data collection and reporting systems to capture DIN from borrowers and include it in submissions to credit information companies.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/353
RPCD.CO.RCB.BC.No.45/07.40.06/2010-11
January 05, 2011
All State and Central Co-operative Banks
Dear Sir,
Submission of Data to Credit Information Companies -
Format of Data to be submitted by Credit Institutions
Please refer to our circular RPCD.CO.RF.BC.No.17/07.40.06/2010-11 dated September 6, 2010 on the captioned subject.
2. It is observed that many a time, names of Directors of various firms/companies are similar. It is, therefore, necessary to ensure that Directors are correctly identified and in no case, names appearing to be similar to the names of Directors appearing in the list of defaulting borrowers are wrongfully denied credit facilities on such grounds. To avoid such situations, it has been decided that the Director Identification Number (DIN) may be included as one of the fields in the data format submitted by State and Central Co-operative Banks to credit information companies. Such provision of DIN will further ensure that the data relating to credit information is accurate and complete.
3. Further, we advise that Experian Credit Information Company of India Private Ltd. has since informed us that their corporate office address has been changed as follows:
Experian Credit Information Company of India Private Ltd.
201, Platina, 2nd Floor, C-59, G Block
Bandra Kurla Complex
Bandra (E)
Mumbai 400 051
Telephone No.: Board: 022 6117 6700
Fax: 022 6117 6792
Please update the same in your records.
4. Please acknowledge receipt to our Regional Office concerned.
Yours faithfully
(B.P.Vijayendra)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/353 · issued 05 Jan 2011. The plain-English explanation above is BankPulse’s own independent summary.
Verify that your IT systems can capture and transmit DIN accurately to credit information companies.
📜 Compliance
Update your data submission format to include the DIN field for all directors of firms/companies.
Train your credit and data teams on the new requirement to ensure compliance.
Acknowledge receipt of this circular to your respective Regional Office.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are a Compliance officer at a bank this circular applies to (State Co-operative Banks, Central Co-operative Banks), your first concrete step on “Co-op Banks Must Add DIN in Credit Data Submissions” is: “Update your data submission format to include the DIN field for all directors of firms/companies.” (RBI issued this 05 Jan 2011).
Circular: RBI/2010-11/353 -- Co-op Banks Must Add DIN in Credit Data Submissions
Issued: 05 Jan 2011
Action required: Update your data submission format to include the DIN field for all directors of firms/companies.
Action required: Train your credit and data teams on the new requirement to ensure compliance.
Action required: Verify that your IT systems can capture and transmit DIN accurately to credit information companies.
Action required: Acknowledge receipt of this circular to your respective Regional Office.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6195&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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