Question
Consider the following statements about Credit Rating
Agencies (CRAs) in India: 1. CRISIL Ltd. is primarily promoted by Standard & Poor's. 2. ICRA Limited is majorly held by Moody's. 3. Brickwork Ratings is predominantly owned by Vivek Kulkarni. 4. CARE Ratings Ltd. is majorly promoted by SIDBI. Which of the above statements is correct?Solution
CARE Ratings Ltd. is primarily promoted by LIC and PSU Banks, not SIDBI.
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