All Deposit Taking NBFCs
(except Residuary Non-Banking Companies)
Eligible Credit Rating Agencies-
Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited
A reference is invited to para 9
of the Master Direction
DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on
Non-Banking Financial Companies Acceptance of Public Deposits (Reserve
Bank) Directions, wherein, the names of six approved Credit Rating Agencies
and their minimum investment grade credit ratings have been listed.
2. It has been decided that
NBFCs can also use the ratings of Infomerics Valuation and Rating Private
Limited (IVRPL) for the purpose of rating the fixed deposit portfolios of
NBFCs with IVR BBB as the minimum investment grade credit rating.
3. The updated para 9 of the
above referred Directions is enclosed.
Chief General Manager