These concerns will have to balance the objective that the PCR is just a step in helping the democratisation of credit, whereby credit data is not only used for regulatory / supervisory purposes, but also leveraged to expand the credit market efficiently. In particular, a.
While an individual will have access to her data stored in PCR, she should be empowered to share it with other lenders for availing credit. b. Similarly, lenders need to be given access to their own customers’ complete data for monitoring such accounts.