Answer-Which of the following is a unique code, consisting of 20 symbols, that allows for identification wi...

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The Reserve Bank of India RBI has extended the guidelines on Legal Entity Identifier LEI to large borrowers of NBFCs and Urban Co-operative Banks UCBs. RBI said that on a review, it has been decided that the guidelines on LEI stand extended to Urban Co-operative Banks UCBs and Non-Banking Financial Companies NBFCs. RBI further advised that non-individual borrowers enjoying aggregate exposure of 5 crore and above from banks and financial institutions FIs shall be required to obtain LEI codes as per the given timeline. As per the timeline, the borrowers having exposure of 25 crore are required to obtain LEI by April 30, 2023. The Legal Entity Identifier LEI is a 20-digit number used to uniquely identify parties to financial transactions globally. It was conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the global financial crisis. Legal Entity Identifier LEI An LEI or Legal Entity Identifier is a unique code, consisting of 20 symbols, that allows for identification within the global financial system. An LEI code is issued to a company just once and is unique.

Which of the following is a unique code, consisting of 20 symbols, that allows for identification within the global financial system?

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