The Reserve Bank of India (RBI) has announced the formation of an expert committee to benchmark its statistics against global standards. This 10-member panel will be headed by Deputy Governor Michael Patra. The RBI is also reviewing the framework for Housing Finance Companies (HFCs) and is seeking to harmonize regulations applicable to HFCs and Non-Banking Financial Companies (NBFCs). Additionally, the RBI has introduced significant changes in the reporting of credit data by lenders to credit bureaus, and now allows two users to use the same bank account for UPI payments.