It would stand to reason that such marginal borrowers would have been unable to fulfill the normal collateral requirements imposed on them by lenders. This evidence is very relevant for our financial inclusion drive which is a major policy plank. All in all, international evidence suggests that information sharing increases access to credit.
There is no reason to amend the two-pillar structure on account of the new economy. Within and between both pillars, the assessment of all incoming information is and will continue to be evaluated. This exemplifies the art of monetary policymaking, both in the ‘old’ and in the ‘new’ economy. 2  BIS Review 99/2001