CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many Indian IT majors have been recently shortlisted by RBI to set up Public Credit Registry (PCR) for capturing details of borrowers and wilful defaulters?
A
Six
B
Five
C
Nine
D
Seven
Explanation: 

Detailed explanation-1: -The Y.M. Deosthalee committee, 2018 set up by the Reserve Bank of India (RBI) recommended the setting up of a PCR. Consequently, the RBI announced plans to establish a PCR as an independent unit within the RBI.

Detailed explanation-2: -As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect.

Detailed explanation-3: -Detailed Solution. The Reserve Bank of India has constituted a 10-member High-Level Task Force on Public Credit Registry (PCR) to suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India. Public Credit Registry (PCR) committee is headed by YM Deosthalee.

Detailed explanation-4: -The Reserve Bank of India had constituted a Working Group (WG) on digital lending including lending through online platforms and mobile apps on January 13, 2021, with Shri Jayant Kumar Dash, Executive Director, RBI as the Chairman.

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