Godrej Capital automates weekly credit reporting under RBI regime

Mumbai: Godrej Capital, the financial services arm of Godrej Industries Group, has implemented an automated weekly credit reporting framework across all four Reserve Bank of India (RBI)-licensed Credit Information Companies (CICs), following the regulator’s shift to weekly reporting from July 1, 2026.

Implemented through its subsidiaries Godrej Housing Finance and Godrej Finance, the in-house system automates the credit reporting process from data validation to submission and reconciliation, reducing the need for manual intervention.

The framework validates reporting data against bureau guidelines, generates compliant files and securely submits them through automated SFTP channels. It also manages days past due (DPD) communication workflows and incorporates reconciliation controls, digital maker-checker processes and end-to-end audit trails.

The company said the system is designed to strengthen the accuracy, timeliness and governance of credit information while reducing operational risks associated with increasingly frequent reporting.

Godrej Capital said the automated infrastructure is also designed to scale with future regulatory requirements, including a potential move towards daily credit reporting.

The company has achieved a Consumer Data Quality Index (DQI) of nearly 100 per cent, while its Commercial DQI is expected to cross 95 per cent as the system matures.

Shalinee Mimani, chief risk officer, Godrej Capital, said the RBI’s move to weekly reporting presented an opportunity to build a future-ready infrastructure rather than simply meet a compliance requirement.

She said the system combines automation with governance controls to enable accurate, timely and audit-ready reporting while reducing operational risk. More frequent and accurate reporting, she added, could also support fairer credit assessments and quicker recognition of repayment behaviour.

Bhavesh Jain, managing director and chief executive officer, TransUnion CIBIL, said weekly reporting would strengthen India’s credit information framework by improving the accuracy of credit records and helping lenders make better-informed decisions.

He added that stronger data-quality requirements would encourage better reporting practices, process discipline and transparency across the industry.

The touch-free reporting framework covers the full reporting lifecycle, including:

• Automated validation against bureau guidelines
• Generation of bureau-compliant files
• Secure SFTP submission
• Automated DPD communication
• Reconciliation controls
• Digital maker-checker governance
• End-to-end audit traceability
• Zero manual intervention across the reporting lifecycle

With credit reporting moving from monthly to weekly updates, the initiative puts greater emphasis on speed as well as accuracy. For lenders, the ability to process cleaner data more frequently could translate into more reliable credit records and a more responsive borrowing ecosystem.