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Legal Entity Identifier (LEI) -It is mandatory for corporate borrowers having aggregate fund-based and non-fund based exposure of ₹ 5 crore and above from any bank to obtain Legal Entity Identifier (LEI) registration and capture the same in the Central Repository of Information on Large Credits (CRILC). This will facilitate assessment of aggregate borrowing by corporate groups, and monitoring of the financial profile of an entity/group. On a review, it has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs). It is further advised that non-individual borrowers enjoying aggregate exposure of ₹5 crore and above from banks and financial institutions (FIs)mshall be required to obtain LEI codes Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF) ndash; (the head office of which is BASEL Switzerland) the entity tasked to support the implementation and use of LEI. In India, LEI code may be obtained from Legal Entity Identifier India Ltd (LEIIL), a subsidiary of the Clearing Corporation of India Limited (CCIL), which has been recognised by the Reserve Bank as issuer of LEI under the Payment and Settlement Systems Act, 2007 and is accredited by the GLEIF as the Local Operating Unit (LOU) in India for issuance and management of LEI.
| Total Exposure | LEI to be obtained on or before |
| Above ₹25 crore | April 30, 2023 |
| Above ₹10 crore , up to ₹25 crore | April 30, 2024 |
| ₹5 crore and above, up to ₹10 crore | April 30, 2025 |
A lease can be determined by ____
As per s. 31 of CPC summons can be issued to a __________?
What are the requirements for a nomination made by a policyholder to be effective, and how can it be changed according to the Insurance Act?
Which of the following shall not be included in the liquidation estate assets and shall not be used for recovery in the liquidation?
Which of the following sections of the Act, waives the proof of judicial admissions_____.
As per section 7 of the Banking Regulation Act the provisions of this section shall not apply to__________________
What is the timeframe within which the Tribunal should aim to decide an appeal as per section 23 of the Code on Social Security?
What does "social security" include as per the Code on Social Security?
A government company is a company in which __________% of the paid up share capital is held by the central government, or by any state government
Ownership is the ______ recognition of a claim
