Definition
Central Repository of Information on Large Credits (CRILC)
CRILC is the RBI's database where lenders report details of large borrower exposures and their stress classification, enabling system-wide monitoring.
Banks and select NBFCs must report borrowers with aggregate exposure above a threshold to CRILC, including their SMA classification. This lets the RBI and lenders see if a borrower is stressed at one bank before it spreads across the system.
CRILC was created to catch building credit stress early and improve coordination among lenders to a common borrower. Sharing SMA-2 and default information helps trigger timely resolution under the RBI's stressed-asset frameworks before accounts deteriorate further.
Related terms
- Non-Performing Asset (NPA)A Non-Performing Asset is a loan or advance on which the borrower has not paid interest or principal for 90 days or more, as defined by RBI norms.
- Slippage RatioThe slippage ratio measures fresh non-performing assets added during a period as a percentage of standard advances at the start of that period.
- Special Mention Account (SMA)A Special Mention Account is a loan showing early signs of stress, classified by the RBI into SMA-0, SMA-1 and SMA-2 based on how many days payment is overdue, before it becomes an NPA.
- Credit Information Company (CIC)A Credit Information Company is an RBI-licensed entity that collects borrowers' credit histories from lenders and issues credit scores and reports used to assess creditworthiness.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.