Currently, the Data Quality Index (DQI) is being used for data submitted under the consumer segment. With a view to enable further implementation of DQI, RBI has decided that Credit Information Companies (CICs) shall provide the DQIs for commercial and microfinance segments to all Credit Institutions (CIs) latest by March 31, 2024.
Further, CICs shall provide DQIs for commercial and microfinance segments in the form of numeric scores on a monthly basis to all member CIs. DQI scores for commercial and microfinance segments shall be provided at CI and file level. The DQI scores for commercial and microfinance segments at CI level shall be computed as weighted average of file level DQI scores of commercial and microfinance segments respectively of that CI. CICs shall compute industry level DQIs for each of the three reporting segments as weighted average of the CI level DQI in their respective category (e.g. public sector banks, private sector banks, foreign banks, cooperative banks, RRBs, NBFCs etc.) on monthly basis.
CICs shall provide monthly data of CI level DQI and industry level DQI of all segments to the Department of Supervision, Reserve Bank of India, Central Office at half yearly intervals as on September 30 and March 31 each year, for information and monitoring purposes.