Thursday, October 26, 2023

CICs to pay Rs 100/day to customers for delay in updation of credit info: RBI

The RBI announced that credit information companies (CICs) will have to compensate clients for delays in updating or correcting their credit information by giving them a daily payment of Rs 100. The 'Framework for reimbursement to consumers for delayed updation/rectification of credit information' will be implemented in six months by CICs.

from Economy-News-Economic Times https://ift.tt/qpwNmBh
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