Name the Indias first credit rating agency, is incorporated, promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Name the India’s first credit rating agency, is incorporated, promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions.

A	CRISIL
B	CIBIL
C	ICRA
D	All of the above

Explanation:

Detailed explanation-1: -CRISIL, India’s first credit rating agency, is incorporated on the 29th day of the month, promoted by the erstwhile ICICI Ltd along with UTI and other financial institutions.

Detailed explanation-2: -Credit Analysis and Research Limited Ratings (CARE) Ratings Credit Analysis and Research Limited Ratings was established in 1993. It is supported by Canara Bank, Unit Trust of India (UTI), Industrial Development Bank of India (IDBI), and other financial and lending institutions.

Detailed explanation-3: -Set up in 1987, Credit Rating Information Services of India Limited (CRISIL) is one of the oldest credit rating agencies in India.

Detailed explanation-4: -CRISIL was incorporated in the year 1987 with the name Credit Rating Information Services of India Ltd. The company was promoted by leading financial institutions nationalised banks foreign banks and private sector banks.

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