Explanation:

The Reserve Bank of India (RBI) had formed a high-level task force on public credit registry (PCR) for India.

The task force was chaired by Y M Deosthalee.

The task force has suggested the registry should capture all loan information and borrowers be able to accesstheir own history. Data is to be made available to stakeholders such as banks, on a need-to-know basis. Data privacy will be protected.