This is the number of individuals and firms listed in a public credit registry with current information on repayment history, unpaid debts or credit outstanding. The number is expressed as a percentage of the adults.

A Public Credit Registry will help in the following a) Credit assessment and pricing by banks;

b) Risk-based, dynamic and countercyclical provisioning at banks;

c) Supervision and early intervention by regulators;

d) Understanding if transmission of monetary policy is working, and if not, where are the bottlenecks; and,

e) How to restructure stressed bank credits effectively.