CRILC : Central Repository of Information on Large credits
In a bank or financial institution, performing asset do not get converted to non-performing, overnight. There are some early signs of
distress which if ignored, can lead to delinquency. With strong systems in place, warning signs can be recognized well in advance to
prevent problems and also alert other players within the system, to curb the negative effects. Hence, monitoring NPA is of immense
importance for a Lender and the regulator. To help overcome some of the challenges, RBI, introduced in 2014, u/s 27(2) of BR Act
1949 the "Central Repository of Large Common Exposures-Across Banks” by subsuming the erstwhile quarterly Form A return on
Large Borrowers (Rs 100 million and above).
Objective of creation of CRILC: To collect, store and share information with Lenders w.e.f. 01.04.2014.
What do Financial Institutions have to Report under CRILC? Banks and financial institutions have to separately send CRILCMain
and CRILC-SMA2.
I. CRILC-Main, is a monthly submission w.e.f. 1.4.2018 (earlier quarterly) that comprises four sections namely:
a. Section 1: Exposure to large borrowers (Rs.5 cr or above)
b. Section 2: Reporting of technically/prudentially written-off accounts,
c. Section 3: Reporting of balance in current account (Rs.1 cr or more)
d. Section 4: Reporting of non-cooperative borrowers.
II. CRILC-SMA 2 : Apart from above regular monthly submissions, banks are to submit this report on an ‘as and when’ basis, i.e.
whenever a large borrower’s account becomes overdue for 61 days (SMA2).
RAF Accounts : In addition banks are to send report on loan accounts markeed Red Flagged or classified as Fraud Account with a
threshold exposure of Rs.500 million or more at the level of a bank irrespective of the lending arrangement (whether solo banking,
multiple banking or consortium), together with the dates on which the accounts were classified as such.
Filing Dates for CRILC Submissions?
1. The CRILC-Main Report is required to be submitted on a monthly basis effective April 1, 2018.
2. In addition, the lenders shall report to CRILC, all borrower entities in default (with aggregate exposure of Rs. 50 million and
above), on a weekly basis, at the close of business on every Friday, or the preceding working day if Friday happens to be a
holiday. The first such weekly report shall be submitted for the week ending February 23, 2018.
How Can Banks Benefit with CRILC Data?
i) RBI shares the CRILC data with all lending institutions which help lenders to look at and tackle their NPA.
ii) Lending banks can also search whether their borrower customers are having current account with other banks, with large
balances.
Banks opening a current account of a large corporate, can use the data available in the CRILC platform to know whether the
customer is availing credit facility from another banks.
In a bank or financial institution, performing asset do not get converted to non-performing, overnight. There are some early signs of
distress which if ignored, can lead to delinquency. With strong systems in place, warning signs can be recognized well in advance to
prevent problems and also alert other players within the system, to curb the negative effects. Hence, monitoring NPA is of immense
importance for a Lender and the regulator. To help overcome some of the challenges, RBI, introduced in 2014, u/s 27(2) of BR Act
1949 the "Central Repository of Large Common Exposures-Across Banks” by subsuming the erstwhile quarterly Form A return on
Large Borrowers (Rs 100 million and above).
Objective of creation of CRILC: To collect, store and share information with Lenders w.e.f. 01.04.2014.
What do Financial Institutions have to Report under CRILC? Banks and financial institutions have to separately send CRILCMain
and CRILC-SMA2.
I. CRILC-Main, is a monthly submission w.e.f. 1.4.2018 (earlier quarterly) that comprises four sections namely:
a. Section 1: Exposure to large borrowers (Rs.5 cr or above)
b. Section 2: Reporting of technically/prudentially written-off accounts,
c. Section 3: Reporting of balance in current account (Rs.1 cr or more)
d. Section 4: Reporting of non-cooperative borrowers.
II. CRILC-SMA 2 : Apart from above regular monthly submissions, banks are to submit this report on an ‘as and when’ basis, i.e.
whenever a large borrower’s account becomes overdue for 61 days (SMA2).
RAF Accounts : In addition banks are to send report on loan accounts markeed Red Flagged or classified as Fraud Account with a
threshold exposure of Rs.500 million or more at the level of a bank irrespective of the lending arrangement (whether solo banking,
multiple banking or consortium), together with the dates on which the accounts were classified as such.
Filing Dates for CRILC Submissions?
1. The CRILC-Main Report is required to be submitted on a monthly basis effective April 1, 2018.
2. In addition, the lenders shall report to CRILC, all borrower entities in default (with aggregate exposure of Rs. 50 million and
above), on a weekly basis, at the close of business on every Friday, or the preceding working day if Friday happens to be a
holiday. The first such weekly report shall be submitted for the week ending February 23, 2018.
How Can Banks Benefit with CRILC Data?
i) RBI shares the CRILC data with all lending institutions which help lenders to look at and tackle their NPA.
ii) Lending banks can also search whether their borrower customers are having current account with other banks, with large
balances.
Banks opening a current account of a large corporate, can use the data available in the CRILC platform to know whether the
customer is availing credit facility from another banks.
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