Current Affairs - Miscellaneous - Discussion

The International Finance Corporation (IFC), part of the World Bank Group, has signed a Memorandum of Understanding with the Finance Industry Development Council (FIDC). FIDC is a representative body of asset and loan Financing Non-Banking Financial Company (NBFCs), to collaborate on the training of NBFCs in the country. According to the agreement, the training programs for NBFCs would be conducted on "Commercial Credit Reporting" aimed at building the capacity of NBFCs to enhanced reporting and enquiring on Commercial Credit Information Data from the Credit Bureaus.