BANKING AFFAIRS

Detailed explanation-1: -Who regulates rating agencies? Credit rating agencies are regulated by SEBI.

Detailed explanation-2: -In India, the Securities and Exchange Board of India (SEBI) primarily regulates credit rating agencies and their functioning.

Detailed explanation-3: -SEBI stands for Securities Exchange Board of India. It is known as the regulator of the credit rating agencies in India.

Detailed explanation-4: -The RBI is responsible for implementing monetary and credit policies, issuing currency notes, being a banker to the government, a regulator of the banking system, manager of foreign exchange, and regulator of payment & settlement systems while continuously working towards the development of Indian financial markets.

Detailed explanation-5: -The person/entity willing to commence any activity as a Credit Rating Agency has got to apply to the Board within the sort of application made in Form A as prescribed within the SEBI regulations alongside a non-refundable fee.