The CICs need to be sensitive to the grievances of the customers and provide redressal in a timely manner. This would not only improve the quality of data but also lend credence to the utility of the credit information system in the country. 18.
More recent data from the Bank for International Settlements covering 42 advanced and emerging economies indicate a further increase in debt at the global level, in particular due to rising debt ratios in emerging market economies.