Q63.
Consider the following statements: 1. In India, credit rating agencies are regulated by Reserve Bank of India. 2. The rating agency popularly known as ICRA is a public limited company. 3. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct.
Answer
B
Explanation
Statement 1 is incorrect: Credit rating agencies in India are regulated by SEBI (Securities and Exchange Board of India), not RBI. The SEBI (Credit Rating Agencies) Regulations, 1999 govern credit rating agencies. Statement 2 is correct: ICRA Limited is a Public Limited Company with shares listed on the Bombay Stock Exchange and the National Stock Exchange. Statement 3 is correct: Brickwork Ratings (BWR) is a SEBI-registered Indian Credit Rating Agency with Canara Bank as its promoter and strategic partner.