RBI has proposed a key change in the updation of credit information. On 29th September 2025, it released the draft directions titled the Reserve Bank of India (Credit Information Reporting) (1st Amendment) Directions, 2025. According to the draft guidelines, Credit Information Companies (CICs), including CRIF High Mark, will have to update the individual credit score and report once a week. Currently, credit information gets updated once a fortnight.
How will the weekly update work?
Under the draft rules, CICs shall refresh credit information on the 7th, 14th, 21st, 28th, and last day of each month. Banks shall submit a full credit information file as of the last day of the month by the 3rd day of the succeeding month. For weekly refreshes, banks are required to submit only incremental data representing newly opened accounts, accounts closed, changes initiated by borrowers, or any asset classification changes, including movement into Special Mention Account (SMA) categories.
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Banks shall submit the incremental data within two days of the respective refresh dates. Non-compliance would be reported to the RBI’s Department of Supervision through the DAKSH portal. The draft guidelines will likely come into effect from 1st April 2026.
How will borrowers benefit?
The point with weekly updates is that borrowers will begin to see improvements in their credit scores, which means they are likely to get better deals on credit cards and loans sooner. If a borrower’s score has improved, for instance, it reflects earlier, and thus that person can apply for loans or credit cards at lower interest rates or with higher chances of approval.
How will banks benefit?
This would provide banks, through weekly updates, with the most current credit information to make quicker and more precise decisions in lending. Banks can better evaluate borrowers for risks, establish proper loan terms, and accelerate approvals to better align credit with the borrower's current creditworthiness.
