RBI lists 6 rating agencies for banks' capital adequacy purposes

Central bank's names come after Sebi last year cancelled the licence of Brickworks Ratings for allegedly violating rules

The Reserve Bank of India on Monday released a list of domestic credit rating agencies banks are advised to use for risk weighting their claims about capital adequacy.

The central bank listed Acuite Ratings & Research Limited, Credit Analysis and Research Limited (CARE), CRISIL Ratings Limited, ICRA Limited, India Ratings and Research Private Limited, and INFOMERICS Valuation and Rating Pvt Ltd.

The RBI’s list comes after the fiasco surrounding Brickworks Ratings India Private Limited, which had its licence cancelled by the Sebi in October 2022 for allegedly violating rules.

The Sebi directed the credit rating agency to wind down its