Module: | Priority Sector, Consumer Protection & Digital Lending
Q134: Credit Institutions (CIs) must inform Credit Information Companies (CICs) of any changes in their nodal point/official within ...... of such a change.
✅ Correct Answer: A
The correct answer is A. CIs are strictly required by RBI guidelines to inform CICs of any changes in their designated nodal points or officials within five calendar days of the change.
This rapid update mechanism ensures that grievance redressal channels remain open and CICs know exactly who to contact for immediate data dispute resolutions.
This rapid update mechanism ensures that grievance redressal channels remain open and CICs know exactly who to contact for immediate data dispute resolutions.