Current · Source: Reserve Bank of India · RBI/2011-12/408 · issued 13 Feb 2012 · ~2 min read
Quick answerRBI directs Primary Urban Co-operative Banks to submit quarterly lists of suit-filed accounts of ₹1 crore and above (doubtful/loss) and willful defaulters of ₹25 lakh and above to CIBIL or other RBI-registered CICs for public dissemination.
The rule, in the simplest words
Every quarter, your bank must send a list of loans over ₹1 crore (10 million rupees) that have gone to court and are marked as 'doubtful' or 'loss' (meaning the bank thinks it won't get the money back) to CIBIL or any other RBI-registered credit company your bank is a member of.
Also every quarter, your bank must send a list of willful defaulters (people who could pay but choose not to) with loans over ₹25 lakh (2.5 million rupees) that have gone to court to CIBIL or any other RBI-registered credit company your bank is a member of.
These credit companies will put the information on their websites so everyone can see it, which means borrowers with such accounts will have a bad credit record.
How it plays out — a real example
Ravi, a co-operative bank branch officer in Indore, is preparing the quarterly report for his urban co-operative bank. He pulls up a list of suit-filed accounts over ₹1 crore that are classified as doubtful or loss, and another list of willful defaulters over ₹25 lakh. He then uploads both lists to CIBIL and Equifax, the two credit companies his bank is a member of, making sure the data is accurate so the bank avoids any compliance trouble.
What changed
RBI notes that three additional CICs (Experian, Equifax, High Mark) have been issued Certificate of Registration. UCBs must now report suit-filed accounts of ₹1 crore and above (doubtful/loss) and suit-filed accounts of willful defaulters of ₹25 lakh and above to CIBIL and/or any other CIC that has obtained CoR from RBI and of which the bank is a member. These CICs will disseminate the data on their websites.
What it means for you
UCBs face tighter credit discipline as suit-filed and willful defaulter data becomes publicly accessible via multiple CICs. This increases pressure on banks to improve recovery and due diligence. Lenders must ensure accurate and timely submission to avoid reputational and compliance risks.
What you must do
Submit quarterly lists of suit-filed accounts of ₹1 crore and above (doubtful/loss) to CIBIL and/or any other RBI-registered CIC your bank is a member of.
Submit quarterly lists of suit-filed accounts of willful defaulters of ₹25 lakh and above to CIBIL and/or any other RBI-registered CIC your bank is a member of.
Verify your bank's membership with at least one RBI-registered CIC and ensure data submission deadlines are met.
Update internal systems to track and report suit-filed and willful defaulter accounts accurately each quarter.
Who it affects
Primary Urban Co-operative Banks (UCBs), Credit Information Companies (CICs) like CIBIL, Experian, Equifax, High Mark, Borrowers with suit-filed accounts of ₹1 crore or more, Willful defaulters with dues of ₹25 lakh or more
❓ Common questions
What are the thresholds for reporting suit-filed accounts and willful defaulters?
Suit-filed accounts classified as doubtful or loss with an amount of ₹1 crore and above must be reported. Willful defaulters with dues of ₹25 lakh and above must also be reported.
How often must UCBs submit this data to CICs?
The data must be submitted quarterly, as at the end of March, June, September, and December.
Which CICs can UCBs report to?
UCBs can report to CIBIL or any other CIC that has obtained a Certificate of Registration from RBI and of which the bank is a member, such as Experian, Equifax, or High Mark.
📜 Read the original circular — full text as issued by RBI
RBI/2011-12/408
UBD.CO.BPD.Cir.No. 19/09.11.200/2011-12
February 13, 2012
The Chief Executive Officer
All Primary Urban Co-operative Banks
Dear Sir / Madam
Submission of Credit Information to Credit Information Companies –
Defaulters of ` 1 crore and above and Willful Defaulters of ` 25 lakhs and above-
Dissemination of Credit information of suit-filed accounts
Please refer to Circular UBD.CO.BPD.Cir.No. 6/09.11.200/2010-11 dated August 9, 2010 on submission of data by UCBs to Credit Information Companies (CICs).
2. As you are aware, in addition to Credit Information Bureau (India) Ltd. (CIBIL), Certificate of Registration (CoR) has been issued to 3 CICs viz. M/s Experian Credit Information Company of India Pvt. Ltd., M/s Equifax Credit Information Services Pvt. Ltd. and M/s High Mark Credit Information Services Pvt. Ltd. to commence the business of credit information under the Credit Information Companies (Regulation) Act, 2005.
3. You are advised to submit the quarterly list of suit filed accounts of Rs. 1 crore and above, classified as doubtful or loss, to CIBIL and/or any other credit information company which has obtained CoR from RBI and of which your bank is a member.
4. You are also advised to submit the list of suit filed accounts of willful defaulters of Rs 25 lakh and above as at the end of quarter March, June, September and December to CIBIL and/or any other credit information company which has obtained CoR from RBI and of which your bank is a member.
5. The above CICs have been advised to disseminate credit information covering data supplied by banks/ FIs on such suit filed account on their respective websites.
Yours faithfully,
(A. Udgata)
Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/408 · issued 13 Feb 2012. The plain-English explanation above is BankPulse’s own independent summary.
Update internal systems to track and report suit-filed and willful defaulter accounts accurately each quarter.
📜 Compliance
Submit quarterly lists of suit-filed accounts of ₹1 crore and above (doubtful/loss) to CIBIL and/or any other RBI-registered CIC your bank is a member of.
Submit quarterly lists of suit-filed accounts of willful defaulters of ₹25 lakh and above to CIBIL and/or any other RBI-registered CIC your bank is a member of.
Verify your bank's membership with at least one RBI-registered CIC and ensure data submission deadlines are met.
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 (Primary Urban Co-operative Banks (UCBs), Credit Information Companies (CICs) like CIBIL, Experian, Equifax, High Mark, Borrowers with suit-filed accounts of ₹1 crore or more, Willful defaulters with dues of ₹25 lakh or more), your first concrete step on “UCBs Must Report Suit-Filed Accounts to CICs” is: “Submit quarterly lists of suit-filed accounts of ₹1 crore and above (doubtful/loss) to CIBIL and/or any other RBI-registered CIC your bank is a member of.” (RBI issued this 13 Feb 2012).
Circular: RBI/2011-12/408 -- UCBs Must Report Suit-Filed Accounts to CICs
Issued: 13 Feb 2012
Action required: Submit quarterly lists of suit-filed accounts of ₹1 crore and above (doubtful/loss) to CIBIL and/or any other RBI-registered CIC your bank is a member of.
Action required: Submit quarterly lists of suit-filed accounts of willful defaulters of ₹25 lakh and above to CIBIL and/or any other RBI-registered CIC your bank is a member of.
Action required: Verify your bank's membership with at least one RBI-registered CIC and ensure data submission deadlines are met.
Action required: Update internal systems to track and report suit-filed and willful defaulter accounts accurately each quarter.
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=7021&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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