SC: General Reference to a Tender’s Arbitration Clause Does Not Incorporate it into a Contract || Supreme Court: Partnership Veil May be Lifted to Detect Illegal Sub-Letting Arrangements || Supreme Court: Lower Dearness Relief For Pensioners than Employees' DA is Arbitrary under Article 14 || Supreme Court: NCLT Should Not Assess Merits of Pre-Existing Dispute in Section 9 Applications || Supreme Court Clarifies that the Right to Vote is Not a Fundamental Right But a Statutory Right || Chhattisgarh High Court: Minor’s Voluntary Elopement With a Lover Does Not Constitute Kidnapping || Bombay HC: Staring at Co-Worker’s Chest is Morally Wrong But Does Not Amount to Voyeurism under IPC || Delhi HC: Loss of Confidence in Employees Entrusted With Funds is Valid Ground For Termination || Allahabad High Court: Gram Nyayalaya Has Jurisdiction to Decide Maintenance and Execution Petitions || J&K&L HC: Non-Publication of Sec 4(1) Notice in Gazette and Local Newspapers Vitiates Acquisition

Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited- (Reserve Bank of India) (14 Aug 2017)

MANU/RMIC/0115/2017

Banking

A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, wherein, the names of six approved Credit Rating Agencies and their minimum investment grade credit ratings have been listed. It has been decided that NBFCs can also use the ratings of Infomerics Valuation and Rating Private Limited (IVRPL) for the purpose of rating the fixed deposit portfolios of NBFCs with IVR BBB as the minimum investment grade credit rating.

Tags : RATING FIXED DEPOSITS

Share :