Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang || Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases || Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law || Calcutta HC: Street Vendors Act Protects Lawful Vending, Not Illegal Encroachments || P&H HC: Courts Cannot Reveal Identities of Children in Conflict With Law in Court Records || Bombay HC: Government Cannot Fix ‘Politically Convenient’ Election Dates sets Goa Poll Timeline || SC: Major Port Trusts Liable for Customs Duty on Pilfered Goods under Customs Act || Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act || SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet || Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient

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 :