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The Securities and Exchange Board of India (SEBI) has issued a framework for dealing with suspension, cancellation or surrendering of license of credit rating agencies (CRAs) to ensure orderly migration of the ratings.The regulator has directed CRAs to disclose prominently on their website of SEBI’s order on suspension or cancellation. Further,they should allow their clients to withdraw any assignment given to the CRA, without any additional cost. Also, not take any new clients or fresh mandates. However, in case of suspension of certificate, the credit ratings assigned by the CRA shall not be valid during the period of suspension. SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch A credit rating agency is a company that reviews the creditworthiness of an entity that is in the process of or has already issued debt. The resulting credit ratings are used by investors to evaluate whether they should invest in debt securities.
How many public sector banks are there in the Indian Banking System as per the data of September 2022?
Which organization is responsible for issuing Sovereign Green Bonds in India?
Under the currently applicable GST rules, when is it mandatory for an individual or entity registered under GST to generate an e-Way bill?
Which Indian state was declared a 'complete Digital State'?
A. Tamil Nadu
B. Kerala
C. Maharashtra
D. Karnataka
What sporting event has a strict dress code of all-white?
Which is a specialised excretory cell found in Platyhelminthes that acts like a kidney, removing waste material through filtration?
As of October 2019, what is the maximum amount of loan granted by a scheduled commercial bank that is covered under the Credit Guarantee Fund Scheme fo...
Which of the following statements is not correct about the Ease of Doing Business 2018 report?
Which of the following options is INCORRECTLY paired?
Karsondas Mulji and Dadoba Pandurang were associated with ________, which worked against evils like caste system and encouraged widow remarriage.