PCR is a wide-based digital registry to capture loan information of individuals and corporate borrowers. This is done in background of Non-Performing Assets in Indian banking sector being around 10 lakh crore rupees.

• It will work as a financial information infrastructure providing access to various stakeholders and enrich the existing credit information ecosystem.
• PCR will capture all details of borrowers, including wilful defaulters and also pending legal suits in order to check financial delinquencies.

It will also include data from entities like market regulator SEBI, Corporate Affairs Ministry, Goods and Service Tax Network (GSTN) and Insolvency and Bankruptcy Board of India (IBBI) to enable banks and financial institutions to get 360 degree profile of existing and prospective borrowers on real-time basis. PCR was in news as the RBI has initiated steps to set up the registry.