Credit Information Companies (Regulation) Act, 2005

Section - 11 - Power of Reserve Bank to give directions

Power of Reserve Bank to give directions

11. (1) Where the Reserve Bank is satisfied that,-

(a)-in the public interest; or
(b)-in the interest of credit institutions; or
(c)-in the interest of specified users; or
(d)-in the interest of banking policy; or
(e)-to prevent the affairs of any credit information company being conducted in a manner detrimental to the interests of its specified users or in a manner prejudicial to the interests of credit institutions or borrowers or clients; or
(f).... To read the full section download the app from Google Play store