It is difficult to trace the precise origins of the decoupling hypothesis but it would be fair to surmise that it was inspired by the superior growth performance of EMEs as compared to advanced economies. 9. Clearly, differential growth performance by itself is not conclusive confirmation of the decoupling hypothesis. But the decoupling hypothesis failed the first test which came during the recent crisis.
After examining the recommendations of the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri), banks / Financial Institutions have been advised to furnish the data in respect of wilful defaulters (nonsuit filed accounts) of ₹ 25 lakhs and above to CICs on a monthly or a more frequent basis with effect from December 31, 2014.