RBI to Unveil Unified Portal to Centralise Bank Data Management

The Reserve Bank of India (RBI) plans to introduce a unified portal for managing information under the Lead Bank Scheme, Governor Sanjay Malhotra said. The system will serve as a single platform for collecting district-level banking data. 

It is expected to cover details related to credit plans, financial inclusion programmes, and lending to priority sectors. The aim is to bring different streams of information onto one interface. 

Changes to Existing Reporting Process 

At present, lead banks submit district data through multiple channels and formats. Under the scheme, 1 bank in each district coordinates credit planning and monitors banking outreach. 

The proposed portal will allow these banks to upload information through a common system. This is expected to make reporting more uniform and easier to track at the central level. 

Focus on Priority Sectors 

The platform will track credit flow to sectors such as agriculture, micro, small and medium enterprises (MSMEs), and other priority categories. 

Alongside the portal, the RBI has proposed raising the collateral-free loan limit for MSMEs from ₹10 lakh to ₹20 lakh. The change is aimed at expanding access to formal loans for small businesses. 

Other Measures Announced 

The central bank also plans to release draft guidelines related to digital banking safety. In addition, it is preparing a framework to compensate customers who face losses in small-value fraudulent transactions. 

These steps form part of a set of measures linked to financial stability and consumer protection. 

Read More: RBI Proposes ₹25,000 Compensation Framework for Cyber Fraud Victims in India! 

Conclusion 

The planned portal is intended to place district-level banking data on a single system, with a focus on tracking credit programmes and priority sector lending. 

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