RBI orders weekly loan data reporting to credit information cos from April 1, 2026

RBI Mandates Weekly Submission of Borrower Data to Credit Bureaus

The Reserve Bank of India has directed lenders to submit borrower data to credit bureaus on a weekly basis, effective April 1, 2026, in a move aimed at improving credit underwriting and loan monitoring.

Key Highlights:

• Weekly Reporting: Lenders will need to submit borrower data to credit bureaus on a weekly basis, replacing the current fortnightly practice.
• Monthly Updates: Lenders must update data on fixed dates each month, share full monthly files, and report compliance.
• Defaulters Flagged: Defaulters will be flagged to RBI for non-compliance.
• Data Submission: Credit information can be updated regularly on 7th, 14th, 21st, 28th, and last day of the respective month.
• Full File Submission: Lenders will have to submit the full file containing monthly credit information records by the third day of the next month.
• Error Rectification: Measures will be taken to facilitate faster data submission and error rectification.
• Compliance Reporting: Lenders will need to report compliance to RBI, with defaulters flagged for non-compliance.

The RBI aims to improve the accuracy and effectiveness of credit underwriting and loan monitoring through this directive.

Implementation Details:

The RBI has proposed measures to facilitate faster data submission and error rectification.

• Regular Data Submission: Lenders will need to submit borrower data on a regular basis, with the option to update information on fixed dates each month.
• Full File Submission: Lenders will need to submit the full file containing monthly credit information records by the third day of the next month.
• Error Rectification: Measures will be taken to facilitate faster data submission and error rectification.

Penalties for Non-Compliance:

Lenders who fail to adhere to the data submission timelines will be flagged to RBI, with penalties and consequences to be determined.

Effective Date:

The directive will be effective from April 1, 2026.