Banks warned on inaccurate borrowers data

Central Bank of Kenya chairman Jairus Mohammed Nyaoga. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) has put on notice commercial banks and credit reference bureaus (CRB) over inaccurate data on borrowers.

CBK chairman Mohammed Nyaoga said complaints over inaccurate listings by customers if not well handled by the banks and the credit reference bureaus pose significant reputational risks to the firms.

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