In a move to enhance transparency and empower consumers, the Reserve Bank of India (RBI) has directed Credit Information Companies (CICs) to send alerts to customers whenever their credit information report is accessed by lenders. This new development aims to provide individuals with real-time updates about who is viewing their credit score and creditworthiness. By receiving these alerts, individuals can stay informed and take necessary actions to protect their financial identity and manage their credit responsibly. The RBI’s directive aims to give individuals more control over their credit information and prevent unauthorized access. This move aligns with the global trend of providing individuals with greater visibility and control over their personal financial information. With this new feature, individuals can stay vigilant and ensure the accuracy and security of their credit information. By being aware of when their credit report is being accessed, individuals can evaluate the impact on their credit score and detect any potential unauthorized inquiries. This development will also encourage responsible lending practices as lenders will now be more cautious and accountable for accessing credit information. Overall, the introduction of alerts for credit score checks by lenders is a positive step towards empowering individuals with greater control and transparency in their personal finances.