In June 2014, the RBI had issued directions for setting out a common Data Quality Index (DQI) for assessing the quality of data submissions by Credit Institutions (CIs) to CICs, and improving them over a period of time. Currently, the DQI is being used for data submitted under the consumer segment.
Gold loan stocks rally after RBI hikes loan-to-value ratio limit and eases small loan norms
Gold loan stocks surged 2–7% after RBI raised the LTV ratio on loans under ₹2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders