Question

Which regulatory bodies govern Credit Rating Agencies (CRAs) and Credit Information Companies (CICs) in India, respectively?

Q: Answer-Which regulatory bodies govern Credit Rating Agencies (CRAs) and Credit Information Companies (CICs)...

In India, Credit Rating Agencies CRAs evaluate instruments and corporate debt, falling under the regulatory scope of SEBI. In contrast, Credit Information Companies CICsBureaus maintain individualretail credit repositories and are licensed and supervised by the RBI.

A CRAs are regulated by the Reserve Bank of India (RBI), while CICs are supervised by SEBI.

B CRAs are regulated by the Securities and Exchange Board of India (SEBI), while CICs are licensed and supervised by the Reserve Bank of India (RBI).

C Both CRAs and CICs are licensed and supervised exclusively by the Ministry of Corporate Affairs (MCA).

D Both CRAs and CICs fall directly under the regulatory jurisdiction of IRDAI.

E CRAs are regulated by the Pension Fund Regulatory and Development Authority (PFRDA), while CICs are governed by SEBI.

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Which regulatory bodies govern Credit Rating Agencies (CRAs) and Credit Information Companies (CICs) in India, respectively?

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