![RBI proposes compensation for delay in correction of credit reports](https://images.assettype.com/fortuneindia%2F2018-07%2Fe7454f33-bdd0-4856-8d9c-4f3e15caedb7%2FRBI.jpg?rect=0,760,5616,2808&w=300&q=95)
RBI proposes compensation for delay in correction of credit reports
The central bank suggests a provision for SMS or email alerts to customers when their credit information is accessed from Credit Information Companies.
The central bank suggests a provision for SMS or email alerts to customers when their credit information is accessed from Credit Information Companies.
RBI to include credit information companies under Reserve Bank-Integrated Ombudsman Scheme; says turnaround time of grievance redress under RB-IOS has declined considerably