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The Times of India
The Times of India
Business
PTI

RBI asks entities to stop obtaining ratings from Brickwork Ratings

Brickwork Brickwork Ratings SEBI RBI Reserve Bank Mumbai

MUMBAI: The Reserve Bank on Wednesday directed entities falling under its regulations to immediately stop obtaining any new ratings from Brickwork Ratings India, which has been asked by Sebi to wind down operations.

On October 6, the capital markets regulator Sebi cancelled the licence of Brickwork Ratings India, directing the credit rating agency to wind down its operations within six months of the order, for allegedly violating various rules.

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