The Reserve Bank of India (RBI) has cut the credit reporting frequency for borrowers from monthly to every 15 days. This change aims to provide a more up-to-date picture of borrowers' debt status, benefiting both lenders and borrowers. Lenders can now make quicker, more accurate risk assessments, while borrowers will see faster updates to their credit reports, especially after loan repayments. This move is expected to enhance the overall lending environment, reducing the risk of over-leveraging and improving financial transparency.