(1) The Bank shall establish or cause to establish one credit information Center for the following purposes:-
(a) To obtain information on the flow of credit from commercial banks and financial institutions in order to ensure fairness and appropriateness in credit flow;
(b) To require the exchange of the information received pursuant Clause (a) amongst the commercial banks and financial institutions for the purpose referred to in that Sub-Section;
(c) To require to send the name-list of the debtors not repaying the loan in time or misusing the loan to the Center;
(d) To require to obtain on compulsory basis the information from the Center prior to making investment or advancing loan of an amount more than the limit prescribed by the Bank;
(e) To have the name-list received pursuant to Clause
(c) blacklisted by the Center upon confirmation and to take necessary action in this regard; and
(f) To submit report to the Bank, on the exchange of information among the commercial bank and financial institution and use such information while making loan investment on the basis of inspection, supervision and monitoring.
(2) The Bank shall regulate and manage the functions referred to in Sub-section (1) as specified.