MUMBAI: To improve ratings disclosures on bank credit to large customers, RBI on Monday said unless rating agencies disclose names of all lenders in their rating statements, banks cannot use such ratings for capital computation for making provisions.
Reviewing the prudential norms for risk weights for exposures to large corporates and non-banking finance companies, a notification from RBI (Reserve Bank of India) said the new mandatory loan rating disclosures will be effective from March 31, 2023.
