MUMBAI, Aug. 26 -- Since July 1, your credit score has been updating faster than before. If you delayed a payment last week, it may already be reflected in your updated credit report and score.

Your credit score is a key factor that banks and financial institutions use to decide whether to lend to you and at what interest rate. Credit information companies calculate the score based on information reported by lenders and credit card issuers.

Last year, the RBI mandated weekly updating of credit information by all lenders, effective July 1, 2026. Lenders must track credit activity as of the 9th, 16th, 23rd and last day of each month and share the information with credit information companies within four days. They must also submit complet...