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GS3 · Banking

Bank reforms: IBC, CRILC, and UPI growth

1 min readMoney & Banking
Battle IAS current affairs title card: Bank reforms: IBC, CRILC, and UPI growth (GS3 · Banking, 11 August 2025)
Asked by UPSCPrelims 20261 PYQ

UPSC has already asked about this. Read the story with these questions in mind.

What happened

  • Credit discipline steps include the IBC and RBI’s Central Repository of Information on Large Credits (CRILC) [PIB].
  • UPI transactions grew from 92 crore in FY 2017-18 to 18,587 crore in FY 2024-25, a CAGR of 114% [PIB].

Background

  • Co-operative bank regulation was also tightened [PIB].

Why it matters

  • Clean balance sheets let banks lend again.

How to use this in Mains

GS-III Indian economy: mobilisation of resources, banking and inclusive growth

  1. As per PIB (2025-08-11): credit discipline steps include the IBC and RBI's Central Repository of Information on Large Credits (CRILC).
  2. Clean balance sheets let banks lend again.
Quotable data point

UPI transactions grew from 92 crore in FY 2017-18 to 18,587 crore in FY 2024-25, a CAGR of 114%.

PIB: Credit discipline in PSBs, 11 Aug 2025

Exam angle

UPSC

Prelims: CRILC.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

CRILC is maintained by

Answer (b) & explanation

PIB.

Go deeper

ExplainerUnified Payments Interface (UPI): How It Works, NPCI, Digital Public Infrastructure, Growth, Going Global, Concentration Risk and Fraud (UPSC Notes + PYQs)ExplainerReserve Bank of India: History, Structure, Functions, Monetary Policy Committee, Surplus Transfer and the Autonomy Debate (UPSC Notes + PYQs)

Official source: PIB: Credit discipline in PSBs, 11 Aug 2025

facts from cited sources only; faculty review pending