The Reserve Bank of India will soon set up a Central Fraud Registry as part of an early warning system. The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans. A top RBI official told PTI that work is underway to set up the Registry. The official added that it will work under the supervision of the RBI.Currently, there is no single database that lenders can access for all relevant details of previously reported frauds. The structure will make available more information to banks at the time of starting a banking relationship, extension of credit facilities or at any time during operation of an account.