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flag RBI introduces new guidelines for credit reporting, enhancing customer notification and data correction rights.

flag The Reserve Bank of India (RBI) introduced new guidelines to standardize credit reporting by banks and financial institutions. flag Credit Information Companies must notify customers via SMS or email when their Credit Information Report is accessed. flag Banks and financial companies must provide reasons if they reject data correction requests. flag Customers are entitled to compensation if complaints are unresolved within 30 days.

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