News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Circulars »
 Notification No. 64/2019 Ministry Of Finance
  RBI-Auction of Government of India Dated Securities September 16, 2019
 Bharat Bill Payment System - Expansion of biller categories
 RBI releases “Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”
 RBI releases Handbook of Statistics on the Indian Economy 2018-19
 RBI releases the Report of the Committee on the Development of Housing Finance Securitisation Market
 Auction for Sale (Re-issue) of Government Stock (GS) September 09, 20,t9
 Auction of Government of India Dated Securities September 09, 2019
  Master Circular - Disbursement of Government Pension by Agency Banks September 9, 2019
 Shri Dharm Chand, C/o M/s Kissan Agro Properties Khema Khatti Road, Opp. Thakkar Hospital, Fatehabad. Vs. Income-tax Officer, Ward -1, Fatehabad.
 Inder Mohan Khurana, 4/5917, Dev Nagar, Karol Bagh, New Delhi. Vs. ITO, Ward-51(2), Room No.-1411, Civic Centre, New Delhi-110002.

Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies INFOMERICS Valuation and Rating Pvt Ltd. (INFOMERICS)
June, 14th 2017

RBI/2016-17/321
DBR.No.BP.BC.74/21.06.009/2016-17

June 13, 2017

The Chairman / CMD / MD / CEO
All Scheduled Commercial Banks
(Excluding Local Area Banks and Regional Rural Banks)

Madam/Dear Sir,

Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital
Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – INFOMERICS
Valuation and Rating Pvt Ltd. (INFOMERICS)

Please refer to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on 'Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF)'.

2. In terms of para 6 of the circular, six domestic credit rating agencies viz. CARE, CRISIL, FITCH India, ICRA, Brickwork Ratings and SMERA have been accredited for the purpose of risk weighting the banks' claims for capital adequacy purposes. The long term and short term ratings issued by these domestic credit rating agencies have been mapped to the appropriate risk weights applicable as per the Standardised Approach under the Basel II Framework.

3. It has been decided that banks may also use the ratings of the INFOMERICS Valuation and Rating Pvt Ltd. (INFOMERICS) for the purpose of risk weighting their claims for capital adequacy purposes in addition to the existing six domestic credit rating agencies. The rating-risk weight mapping for the long term and short term ratings assigned by INFOMERICS will be the same as in case of other rating agencies.

Yours faithfully,

(S. S. Barik)
Chief General Manager-in-Charge

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions