The Reserve Bank of India’s move to shorten the timeline for banks to report credit data to bureaus from 30 days to 7 days is expected to bring big changes for borrowers. Experts say the new rule will help improve credit scores faster, strengthen the lending system, and reduce fraud, but it may also trigger short-term anxiety due to more frequent score swings.

Sarika Shetty, CEO & Co-founder of RentenPe, said the quicker reporting cycle will especially benefit customers who have taken secured loans such as FD-backed credit cards, home loans or car loans. “The improvement will show up sooner in your credit mix, which eventually boosts your credit score," she said. She also pointed out that fraud risks may fall sharply. With banks now sending data every seven days, any false documents or mi

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