Public sector banks (PSBs) are well prepared to move to weekly reporting of credit data to credit information companies (CICs) effective July 1, 2026, from the current fortnightly reporting cycle, said a top CIC official. In fact, systems of these banks are already geared to report data, relating to new loans, on a daily basis. The RBI, in early-December 2025, asked credit institutions, including commercial banks, small finance banks, urban co-operative banks and non-banking finance companies, to shift to w ...