What changed
RBI amended the RRB Credit Information Reporting Directions, 2025, replacing paragraph 10(2) with a new schedule: credit information must be submitted as on 9th, 16th, 23rd, and last day of each month. Full files (all active and closed accounts) are due by the 5th of the next month, while incremental accounts (new, closed, or changed accounts) must be reported within 4 calendar days of the reference date. A new paragraph 12(10) requires RRBs to report the Central KYC (CKYC) number of borrowers to CICs whenever available. Paragraph 15 now mandates rectification and resubmission of rejected data before or with the next reporting cycle.
What it means for you
RRBs must overhaul their data submission processes to meet stricter, more frequent deadlines—weekly incremental reporting and a tight monthly full-file deadline. This reduces data latency for CICs, improving credit risk assessment for lenders. The CKYC mandate will enhance borrower identity consistency across the financial system. Non-compliance will be reported to RBI's Department of Supervision via the DAKSH portal, increasing regulatory scrutiny.
What you must do
- Update internal systems to generate credit data extracts as on 9th, 16th, 23rd, and month-end dates.
- Ensure full-file submissions (all active and closed accounts) reach CICs by the 5th of the following month.
- Set up processes to identify and submit incremental accounts (new, closed, or changed) within 4 calendar days of each reference date.
- Integrate CKYC number capture into borrower onboarding and existing records, and report to CICs where available.
- Establish a mechanism to rectify and resubmit rejected CIC data before or with the next reporting cycle.
Who it affects
Regional Rural Banks (RRBs), Credit Information Companies (CICs), RBI's Department of Supervision, Borrowers of RRBs
When do these new reporting timelines take effect?
The amended directions come into force from July 1, 2026, giving RRBs time to adjust their systems and processes.
What is an 'incremental account' for the weekly submissions?
Incremental accounts include accounts opened since the last reference date, accounts where the borrower relationship ended, accounts with changes (e.g., repayment, outstanding balance, demographic updates, guarantors), and accounts with changes in days past due.
What happens if an RRB fails to meet the new submission deadlines?
CICs will report non-compliant RRBs to RBI's Department of Supervision via the DAKSH portal at half-yearly intervals (as on March 31 and September 30) for monitoring and action.