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Credit Information Companies (CICs) - Membership of the credit institutions and information submission to the CICs
NB.DoS.HO.POL. /   4107 /J-1/2017-18
 
31 January 2018
 
Circular No. 22/DoS-4/2018
 
The Chairmen of All Regional Rural Banks
The Managing Directors / Chief Executive Officers of 
All State Cooperative Banks / 
All District Central Cooperative Banks
 
Dear Sir
 
Credit Information Companies (CICs) - Membership of the credit institutions and information submission to the CICs
1.    As you are aware RBI vide its circular No. DBR.No.CID.BC.59/20.16.056/2014-15 dated January 15, 2015 advised that the banks should obtain membership of all four Credit Information Companies by 15 April 2015 and to ensure strict compliance with the provisions of the Credit Information Companies (Regulation) Act, 2005 as well as the rules and regulation framed thereunder. 
2. Reserve Bank of India after carrying out inspections of two Credit Information Companies (CICs) in March, 2017 had observed that all the credit institutions have not become members of the CICs. Further, the information submitted by the credit institutions to the CICs was observed to be incomplete/inaccurate in many instances and with a long delay.
3. In view of the above, RBI has directed that the credit institutions should strictly comply with the regulatory instructions with immediate effect with respect to becoming members of all CICs as well as submitting complete/accurate information without delay to the CICs.
4. The present status of membership of RRBs, StCBs and DCCBs to the CICs is attached in annexure.
5. You may please advise the action taken by your bank by 15 February 2018 to our Regional Office.
Yours faithfully
(K Venkateswara Rao)
Chief General Manager
Encl: as above
 

 

 

 

 

 

 

Annexure

Membership of Credit Institutions to the CICs

Sr. No.

State / UT

Total No. of Banks

Member in all CICs

 

 

RRB

StCB

DCCB

RRB

StCB

DCCB

1

Andaman & Nicobar

1

 

 

1

 

2

Andhra Pradesh

3

1

13

n.a.

n.a.

n.a.

3

Arunachal Pradesh

1

1

 

n.a.

n.a.

n.a.

4

Assam

2

1

 

n.a.

n.a.

n.a.

5

Bihar

3

1

22

n.a.

n.a.

n.a.

6

Chandigarh

 

1

 

 

1

 

7

Chhattisgarh

1

1

6

1

1

3

8

Goa

 

1

 

 

n.a.

 

9

Gujarat

3

1

18

3

1

17

10

Haryana

1

1

19

1

1

16

11

Himachal Pradesh

1

1

2

1

1

2

12

Jammu and Kashmir

2

1

3

2

1

0

13

Jharkhand

2

1

1

n.a.

n.a.

n.a.

14

Karnataka

3

1

21

2

n.a.

9

15

Kerala

1

1

14

1

1

14

16

Madhya Pradesh

3

1

38

3

1

27

17

Maharashtra

2

1

31

2

1

16

18

Manipur

1

1

 

n.a.

n.a.

n.a.

19

Meghalaya

1

1

 

n.a.

n.a.

n.a.

20

Mizoram

1

1

 

n.a.

n.a.

n.a.

21

Nagaland

1

1

 

n.a.

n.a.

n.a.

22

New Delhi

 

1

 

 

1

 

23

Odisha

2

1

17

n.a.

n.a.

n.a.

24

Puducherry

1

1

 

1

1

 

25

Punjab

3

1

20

3

1

20

26

Rajasthan

2

1

29

2

1

22

27

Sikkim

 

1

 

 

0

 

28

Tamil Nadu

2

1

23

3

1

21

29

Telangana

2

1

9

2

1

8

30

Tripura

1

1

 

n.a.

n.a.

n.a.

31

Uttar Pradesh

7

1

50

n.a.

n.a.

n.a.

32

Uttarakhand

1

1

10

n.a.

n.a.

n.a.

33

West Bengal

3

1

17

2

0

4

Grand Total

56

33

363

29

16

179

 

n.a. - Data not available