By IndiaHub 
Starting January 1, 2025, lenders in India must report credit data to Credit Information Companies (CICs) twice every month, on the 15th and the last day. These reports need to be submitted within 7 days of these dates, and CICs must update the information within 5 days. This faster reporting cycle means borrowers will see their repayments and credit improvements reflected more quickly. Overall, this change helps borrowers maintain up-to-date credit records and supports faster loan approvals.
Takeaway: From Jan 1, 2025, credit scores will update twice a month, helping borrowers see repayment benefits faster.