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RBI denies permission to government to access CRILC

Finance Ministry seeks access to big borrowers’ database, CRILC, (Central Repository of Information on Large Credits) to take proactive steps so that loan disbursement is not stuck. However, RBI denied the access on the ground of privacy.

Government’s logic:

  1. Knowledge will help speed up project specific clearances
  2. Timely clearance will lessen debt burden of project implementers
  3. Time bound implementation will help banks to get timely installments.
  4. Time bound payment of installments will reduce the potential NPAs of banks

RBI’s logic:

  1. It will lead to disclosure of privacy
  2. Borrowers’ confidence in banks will decline


  1. As promoter, government has every right to know the detailed working of its institution
  2. Knowing something to rectify the systems’ main ill i.e. NPA, is not an evil objective
  3. Knowing details of would be defaulters or defaulters by the two systems, i.e. Government and RBI, will help take early steps.

What is Central Repository of Information on Large Credits?

CRILC is a central repository of large borrowers – both individuals and entities – with exposure of 5 crore or more.  These data are supplied by the banks through the Return on Large Borrowers (Form A) to the RBI. Banks have to necessarily furnish credit information to CRILC on their borrowers with aggregate fund-based and non-fund based exposure of Rs 5 crore and above. Failure to furnish such data may invite RBI’s penalty. State Bank of Travancore was fined Rs 1crore in January 2016 for non-furnishing of this information.

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