Banks open to exploring a pact on sharing default info with rating firms

Banks open to exploring a pact on sharing default info with rating firms

Mumbai: After every blow up in the financial markets, credit rating agencies (CRAs), often the whipping boys in a fiasco, complain how they have been kept in the dark by lenders and financial institutions holding back sensitive facts. Will this ever change? Hints are that it finally may. For the first time, leading banks have … Read more

India Inc. vs. RBI: Companies don’t want to reveal loan details to public

India Inc. vs. RBI: Companies don’t want to reveal loan details to public

Starting August, the Reserve Bank of India (RBI) made it mandatory for credit-rating agencies (CRAs) to disclose bank-wise term-loan details of clients or the borrowers for whom ratings were reaffirmed or freshly given. This mandate was given to the CRAs early this year with the objective to increase disclosures in rating reports. CRAs began implementing … Read more