SC: Courts Must Curb Unlicensed Money Lenders; Probes Need Not Wait For New Law || SC: Gratuity May be Withheld While Criminal or Disciplinary Proceedings are Pending Against Employee || SC: Weapon Recovery Useless Without Proof Linking it to Crime under Section 27 Evidence Act || SC: Fines Also Run Concurrently When Sentences For Multiple Offences Run Concurrently || SC Dissolves 10-Year Estranged Marriage, Quashes 80+ Cases in 'Matrimonial Mahabharata' Dispute || SC: Board Resolution Signature Alone Doesn’t Prove Director’s Knowledge of Company Affairs || Raj HC: Industrial Tribunal Allowing Workman Legal Representation But Denying Employer is Unequal || Karnataka HC: Service Bonds Enforceable on Students With Subsidised Education, Not Bonded Labour || Gauhati HC: Challenge to Marks Barred by Constructive Res Judicata When Party Accepts Limited Remand || SC: Cheque Dishonour Complaint Can't be Quashed Pre-Trial if Sec 138 NI Act Conditions Met

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 :