RBI Permits Banks to Use Ratings of ‘Brickwork Ratings India Private Limited’ for Bank Loans Up to Rs 250 Crore
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- Last Updated on 12 July, 2024
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Circular No. RBI/2024-25/50 DOR.STR.REC.26/21.06.008/2024-25; Dated: 10.07.2024
The RBI has permitted banks to use the ratings of the ‘Brickwork Ratings India Private Limited (the CRA) to risk weight their claims for capital adequacy purposes subject to certain conditions. One condition is that, for fresh rating mandates, ratings may be obtained from the CRA for bank loans up to Rs 250 crore. Further, regarding existing ratings, CRA may undertake rating surveillance irrespective of the rated amount, till the residual tenure of such loans.
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