The Central Repository of Information on Large Credits (CRILC) is an electronic filing platform for exchanging business information. This platform, created by the Reserve Bank of India, draws credit information of banks with aggregate exposure of at least Rs 5 crore to borrowers.
The payment history of the Bhartiya Micro Credit (BMC), a Lucknow-based non-profit microfinance company, on CRILC, reads like a puzzle. In the past one-and-a-half years many banks that have lent to it have been reporting the BMC account moving to “default” and getting “out of default” ...
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