Credit rating agencies
Crisil upgraded credit outlook of India Inc to Positive
Crisil Ratings have upgraded credit outlook of India Inc to positive. It is a broad-based recovery for India Inc currently. Key Points Earlier India Inc’s credit outlook was ‘cautiously optimistic’. According to Crisil, credit ratio (number of upgrades to downgrades) ..
Month: Current Affairs - August, 2021
SEBI introduces ‘Expected loss-based’ rating scale
Security Exchange Board of India (SEBI) has introduced a new framework for “expected loss-based rating scale”. Highlights Under the new framework, credit rating agencies are required to provide expected loss-based ratings for projects and instruments which are associated with infrastructure ..
Month: Current Affairs - July, 2021
Average income of MGNREGA workers got doubled during lock-down: CRISIL
Indian credit rating agency CRISIL has said according to its report, the average income of MGNREGA workers has doubled in the time period of the COVID-19 outbreak lockdown to around Rs 1,000 during the first quarter of the FY20. What ..
Month: Current Affairs - August, 2020
Bank of Baroda signs MoU with Care Ratings to assess SMEs’ credit quality
Indian Public sector bank, Bank of Baroda recently signed an MoU with Indian credit rating agency, Care Ratings. The pact aims to assess credit quality of the small and medium enterprises (SME) customers of the bank. The rating agency is ..
SEBI tightens Disclosure Norms for Rating Agencies
The Securities and Exchange Board of India (SEBI) has introduced a strict disclosure framework for credit rating agencies (CRAs). New Norms CRAs must disclose a probability of default (PD) benchmark for the companies rated by them. CRAs must also disclose ..
RBI to create Specialised Supervisory and Regulatory Cadre
The Reserve Bank of India has decided to create a specialised supervisory and regulatory cadre for strengthening the supervision and regulation of commercial banks, urban cooperative banks and Non-Banking Financial Companies. Why the Specialised Cadre? There were criticisms against the ..