RBI Mandates Weekly Loan Data Reporting to Credit Information Companies from April 1, 2026

The Reserve Bank of India (RBI) has issued a new directive requiring all regulated lending institutions to update borrower account information with credit information companies every week from April 1, 2026.  

This regulatory update is aimed to improve the accuracy and timeliness of credit reports used in loan approvals and risk tracking. 

RBI’s Weekly Reporting Mandate: Key Details 

Currently, lenders report borrower data to credit information companies like TransUnion CIBIL once every 14 days.  

From April 1, 2026, this will shift to weekly reporting to ensure that Credit Information Reports (CIRs) better reflect recent borrower information. The RBI has cited the increasing role of CIRs in underwriting as the key motivation for this change. 

RBI emphasised that reports submitted on time would support better loan monitoring and risk mitigation. To implement this, lending institutions must update data on fixed dates of every month, specifically on the 7th, 14th, 21st, 28th, and the last calendar day.  

Additionally, they are required to submit full monthly data files by the 3rd day of the following month. 

Compliance Measures and Defaulter Tracking 

Failure to comply with the timeline will be flagged. RBI has directed credit information companies to submit lists of non-compliant lenders on March 31 and September 30 every year.  

This move is aimed at enhancing accountability and reinforcing transparency in the credit reporting ecosystem. 

Moreover, data entries must include new borrower accounts as well as accounts that have been closed since the last reporting cycle. Inaccuracies found in submitted data must also be corrected swiftly as per processes proposed by RBI for error resolution. 

Read More: RBI Approves Bank of America India’s new CEO Vikram Sahu! 

Conclusion 

The RBI’s shift to weekly data reporting from April 1, 2026, marks a significant step in strengthening India's borrower data infrastructure. With timely updates, the credit market is expected to experience improved transparency and monitoring capabilities. 

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