A draft legislation covering various aspects of information sharing, including issues relating to rights, responsibilities, and privacy has been prepared, which would considerably strengthen the functioning of the Bureau when it is enacted.
Benchmarking the Indian Banking System by International Standards The impetus given to the strengthening of domestic financial systems and the international financial architecture by the Asian crisis has gathered momentum in recent years. An important development in this regard has been the move to set up universally acceptable standards and codes for benchmarking domestic financial systems.