Civil service chronicle subscription

What is PCR?

Civil service chronicle subscription A public credit registry is an information repository that collates all loan information of individuals and corporate borrowers. A credit reposi­tory helps banks upscpattern distinguish between a bad and a good borrower and ac­cordingly offer attractive interest rates to good borrowers and higher interest rates to bad borrowers.The move pcs exam is based on the recom­mendations of a committee, headed by Y.M. Deosthalee. PCR will address issues such as information asymmetry, improve access to credit and strengthen the credit culture among consumers. It can also address the bad loan problem staring at banks, as corporate debtors will not be able to borrow across banks without disclosing existing debt. A PCR may also help raise India's rank in the global ease of doing business index. shankar iasacademy Setting up the PCR will help improve India's rankings in the World Bank's ease of doing business index.