The Reserve Bank of India (RBI) has consolidated its instructions regarding the reporting of customer credit information, mandating that all lenders update credit bureau records every 15 days, effective January 1, 2025. This directive aims to enhance the accuracy and timeliness of credit information available to consumers. In a related development, the Securities and Exchange Board of India (SEBI) has relaxed norms for clearing client accounts that have been inactive for 30 days. Additionally, SEBI has imposed a penalty of Rs 9 lakh on Stockholding Services for various violations, including issues related to accounts of clients classified as 'dependent children' aged between 34 and 100 years. Furthermore, SEBI has eased timelines for credit-rating agencies by changing the reporting period from 'days' to 'working days.' The RBI has also issued new penalties for banks and financial institutions that do not address customer complaints in a timely manner, reinforcing its commitment to consumer protection.