Revised list of domestic credit rating agencies (arranged in alphabetical order) for risk weighting their claims for capital adequacy purposes

The Reserve Bank of India (RBI) on January 09, 2023, issued a notification regarding Basel III Capital Regulations – Eligible Credit Rating Agencies. Banks are advised to use the ratings of the following domestic credit rating agencies (arranged in alphabetical order) for risk weighting their claims for capital adequacy purposes namely: –

1. Acuite Ratings & Research Limited (Acuite) 
2. Credit Analysis and Research Limited (CARE)
3. CRISIL Ratings Limited ICRA Limited
4. India Ratings and Research Private Limited (India Ratings)
5. INFOMERICS Valuation and Rating Pvt Ltd. (INFOMERICS)