Economics • Banking & FinanceMedium
Which of the following entities is statutorily empowered to regulate and supervise 'Credit Information Companies' in India under the Credit Information Companies (Regulation) Act, 2005?
A. Securities and Exchange Board of India (SEBI)
B. Insurance Regulatory and Development Authority of India (IRDAI)
C. Reserve Bank of India (RBI)✓ Correct Answer
D. National Bank for Agriculture and Rural Development (NABARD)
💡 Solution & Explanation
Under the Credit Information Companies Act of 2005, the Reserve Bank of India is vested with explicit statutory authority to license, regulate, and supervise all credit information bureaus operating within the country. Other financial regulators oversee capital markets or insurance sectors rather than credit reporting entities.
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