Tag: Credit Rating Agencies

Mumbai: The Securities and Exchange Board of India (SEBI) on Friday proposed higher regulatory requirement in terms of ownership, governance and certain additional standards of essential accountability “Credit Rating Agencies, Registrar to an Issue and Share Transfer Agents and Debenture Trustees”. According to SEBI, the changes have been proposed by its committee under the Chairmanship […]

New Delhi: The CBDT is mulling expanding the scope of its policy of “naming and shaming” of tax defaulters by sharing such data with banks and credit-rating agencies. The Board, which decides policy matters for the Income Tax Department, has ordered creation of a special committee to analyse the subject and review the existing mechanism […]

New Delhi: The Reserve Bank of India may disallow credit rating agencies from the dual role of being advisor-cum-rating agencies for companies. The move aims to prevent such entities from making biased assessments about the financial condition of their clients and restrict conflict of interest that may seep in. Official sources said that the banking […]

Chennai: Finance Minister Nirmala Sitharaman on Saturday said the government is looking at the methodologies used by credit rating agencies in rating corporates. She also said the Narendra Modi government decided against joining the Regional Comprehensive Economic Partnership as the offer did not match India’s expectations and aspirations. Delivering the sixth G. Ramachandran Memorial Lecture […]

New Delhi: The Securities and Exchange Board of India (Sebi) on Friday tightened the noose around the corporates, saying if companies are not cooperating with credit rating agencies (CRAs) on disclosure of loan defaults, then the latter should issue INC (Issuer not cooperating) ratings. “If an issuer has all the outstanding ratings as non-cooperative for […]