As enunciated in its terms of reference, the HTF has a) reviewed the current availability of information on credit and assessed the gaps in India that could be filled by a PCR; b) studied the 5  A Case for Public Credit Registry in India - https://rbi.org.in/scripts/BS_SpeechesView.aspx?Id=1042  2  best international practices on PCR to determine the scope and target of a PCR for India including the type of information to be covered; and c) deliberated on the structure of the new information system or whether the existing systems could be strengthened and integrated to get a PCR, thereby suggesting a roadmap, including the priority areas, for developing a transparent, comprehensive and near-real-time PCR for India.
The PCR aims to be an extensive database of credit information for all credit products in the country, from point of origination of credit to its termination (repayments, restructuring, default, resolution, etc. ), eventually covering all lender-borrower accounts without a size threshold.