MUMBAI, India, July 10 -- Reserve Bank of India issued the following notification:
RBI/2025-26/65
DOR.STR.REC.39/21.06.008/2025-26
July 10, 2025
All Scheduled Commercial Banks
(including Small Finance Banks)
(excluding Local Area Banks, Payments Banks and Regional Rural Banks)
Madam / Dear Sir,
Basel III Capital Regulations - External Credit Assessment Institutions (ECAIs) - CareEdge Global IFSC Limited
Please refer to Paragraph 6 of the Master Circular - Basel III Capital Regulations dated April 01, 2025, as amended from time to time.
2. In terms of para ibid, inter alia, banks are permitted to use the ratings of three international credit rating agencies viz. a) Fitch; b) Moody's; and c) Standard & Poor's for the purpose of ri...