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IBM, TCS, and Wipro Selected with 3 Others for Public Credit Registry Project
December 26, 2018
To set up a large-scale Public Credit Registry (PCR) that will maintain the records of all borrowers and defaulters, the government has shortlisted 6 top IT companies including IBM, TCS, and Wipro.
PCR is an ambitious project that will give a strong push to financial inclusion and reduce the burden of credit institutions. It will offer a 360-degree profile of existing and new borrowers as it will contain data from critical entities like the SEBI, GST Network, and Insolvency and Bankruptcy Board of India (IBBI).
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