On 9-1-2023, the Reserve Bank of India (‘RBI') modified the Master circular on Basel III Capital regulations revising the list of the domestic Credit Rating Agencies (‘CRAs') accredited for the purpose of risk weighing banks' claims for capital adequacy purposes.
Key Points:
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Now, the banks are advised to use the ratings of these domestic CRAs for risk weighting their claims for capital adequacy purposes:
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Acuite Ratings & Research Limited
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Credit Analysis and Research Limited
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CRISIL Ratings Limited
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ICRA Limited
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India Ratings and Research Private Limited
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INFOMERICS Valuation and Rating Pvt Limited
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No fresh ratings/ evaluations are to be obtained by Brickwork Ratings India Private Limited.
*Kriti Kumar, Editorial Assistant has reported this brief.