Six major IT companies including TCS, Wipro and IBM India have been shortlisted by the Reserve Bank of India (RBI) to set up a wide-based digital Public Credit Registry (PCR) for capturing details of all borrowers and wilful defaulters.
The proposed PCR will also include data from entities like market regulator Sebi, the corporate affairs ministry, Goods and Service Tax Network (GSTN) and the Insolvency and Bankruptcy Board of India (IBBI) to enable banks and financial institutions to get a 360-degree profile of the existing as well as prospective borrowers on a real-time basis.
“Consequent to the publication of expression of interest (EOI) on October 27, 2018, the Reserve Bank had received responses from several vendors for implementation of end-end solution for PCR,” the central bank said.
After evaluating the responses of the interested vendors, the RBI said it has been decided to shortlist the six firms. The other three shortlisted vendors are Capgemini Technology Services India, Dun & Bradstreet Information Services India, and Mindtree Ltd.