To enhance the transparency and accuracy of credit information, the Reserve Bank of India (RBI) has announced a shift in the reporting frequency of credit information, according to the RBI Monetary Policy Meeting (MPC) held on August 8. In the RBI MPC meeting, Shaktikanta Das, RBI governor, said that the committee has decided to increase the frequency with which credit institutions (CIs) report their borrower’s credit information to credit information companies (CICs). Earlier, this reporting was done every month. However, with the new policy, this would now be changed fortnightly, or at even shorter intervals, as mutually decided between the CI and CIC.