GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In India, Credit Rating Agencies are regulated by:
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RBI
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SEBI
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Ministry of Finance
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National Statistical Organisation (NSO)
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Explanation:
Detailed explanation-1: -No, SEBI regulates only the agencies which are engaged in the business of rating securities offered by way of public or rights issue.
Detailed explanation-2: -The Reserve Bank of India (RBI) on Monday issued the revised list of accredited credit rating agencies for the purpose of assigning risk weight to assets for capital adequacy purposes by the banks.
Detailed explanation-3: -India Ratings and Research Pvt. Ltd. (formerly Fitch Ratings India Pvt. Ltd.)
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