Public sector banks are well prepared for the transition to weekly reporting of credit data

Banks like State Bank of India and some other PSBs have moved to daily data reporting

The RBI in early December 2025 asked credit institutions, including commercial banks, small finance banks, urban cooperative banks and non-banking finance companies, to switch to weekly reporting of credit data such as account type, credit facility status, collateral type and identification.

“PSBs are way ahead in terms of (credit information reporting). Banks like State Bank of India and some other PSBs have moved to daily data reporting. Where new accounts are opened, they report on a daily basis. We have been working with the IT and credit departments of PSBs for the last five to seven years. They understand the benefits (of credit information reporting). So, they appreciate the benefits of data quality and data freshness… And when we interact with the entire industry, these banks are the most enthusiastic (about the new development),” said Bhavesh Jain, MD & CEO, TransUnion CIBIL.

PSBs have a market share of 56.2 percent in the total advances of scheduled commercial banks (SCBs).

Data reporting

Jain emphasized that once the entire data infrastructure is built on the bank’s side, the frequency of data reporting – monthly, fortnightly, weekly, daily – comes down to just extracting data. And it’s all automated – on the bank’s side and on the CIBIL side.

“So we are confident that the industry has matured and is ready. Of course, at the same time, there is a reasonable period of six months to implement this,” he said.

Jain underlined that daily reporting of credit data is a win-win situation for both lenders and borrowers. Current credit history of potential borrowers will significantly help banks in the underwriting phase.

“From the borrower’s perspective, that information is updated more frequently when he/she makes a partial payment or a foreclosure. So when that borrower applies for a new loan, his/her information is enriched… This gives a lender a lot of insight about that borrower,” he said.

Published on January 6, 2026