Economics • Banking & FinanceMedium
Which of the following institutions is responsible for maintaining the 'Central Repository of Information on Large Credits (CRILC)' in India?
A. Securities and Exchange Board of India
B. Reserve Bank of India✓ Correct Answer
C. National Bank for Agriculture and Rural Development
D. Indian Banks' Association
💡 Solution & Explanation
The Central Repository of Information on Large Credits was established by the Reserve Bank of India under Section 45(I) of the Reserve Bank of India Act, 1934, to collect and share data on large credit accounts. Alternative bodies like the Securities and Exchange Board of India or the Indian Banks Association oversee different financial segments rather than maintaining central large credit databases. CRILC primarily monitors borrowers with aggregate fund-based and non-fund-based exposure of five crore rupees and above.
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