Brickwork Ratings approved by RBI for Bank Risk-Weighting Claims
16.07.2024 - 13:02:45
Business Wire IndiaThe Reserve Bank of India (RBI) has permitted banks to use the ratings of Brickwork Ratings India Private Limited (BWR) for risk-weighting their claims for capital adequacy purposes, according to a statement released by the RBI on July 10, 2024.
In April 2024, after complying with the necessary regulatory requirements, BWR was permitted by the Securities and Exchange Board of India (SEBI) to resume normal business operations, including onboarding new clients. Since then, BWR has diversified and broadened its Board of Directors with additional Independent Directors with expertise in banking, ratings, law, information technology, and corporate business. The Board’s Independent Directors now include Mr. Santosh B Nayar, Mr. M R Hegde, Prof. S Sadagopan, Mr. T Y Prabhu, Mr. Chandru Badrinarayanan and Ms. Sudha Ravi.
Mr. Santosh B Nayar, Chairman of the BWR Board, commented, "RBI’s decision supports BWR’s continued commitment to maintaining high regulatory compliance standards and delivering excellence in credit rating services. Every Board member of Brickwork brings unique expertise to the table, and is committed to ensuring and enhancing the integrity of credit rating services and safeguarding investor interests."
Link to RBI’s notification - https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12700&Mode=0
About Brickwork Ratings
Brickwork Ratings (BWR) was established in 2007 and is headquartered in Bengaluru, with a nationwide presence. BWR offers credit rating services for financial instruments such as bank loans, NCDs, commercial paper, bonds, and securitized paper. With a diversified Board of Directors and a commitment to regulatory compliance, BWR continues to set benchmarks in the credit rating industry.
For further information on the BWR, refer to their website https://www.brickworkratings.com.
Social Media Handles
LinkedIn: https://www.linkedin.com/company/1289790/admin/feed/posts/
Instagram: https://www.instagram.com/brickworkratings/?utm_medium=copy_link
Facebook: https://www.facebook.com/brickworkratings/
YouTube: https://www.youtube.com/c/BrickworkRatingsLtd
In April 2024, after complying with the necessary regulatory requirements, BWR was permitted by the Securities and Exchange Board of India (SEBI) to resume normal business operations, including onboarding new clients. Since then, BWR has diversified and broadened its Board of Directors with additional Independent Directors with expertise in banking, ratings, law, information technology, and corporate business. The Board’s Independent Directors now include Mr. Santosh B Nayar, Mr. M R Hegde, Prof. S Sadagopan, Mr. T Y Prabhu, Mr. Chandru Badrinarayanan and Ms. Sudha Ravi.
Mr. Santosh B Nayar, Chairman of the BWR Board, commented, "RBI’s decision supports BWR’s continued commitment to maintaining high regulatory compliance standards and delivering excellence in credit rating services. Every Board member of Brickwork brings unique expertise to the table, and is committed to ensuring and enhancing the integrity of credit rating services and safeguarding investor interests."
Link to RBI’s notification - https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12700&Mode=0
About Brickwork Ratings
Brickwork Ratings (BWR) was established in 2007 and is headquartered in Bengaluru, with a nationwide presence. BWR offers credit rating services for financial instruments such as bank loans, NCDs, commercial paper, bonds, and securitized paper. With a diversified Board of Directors and a commitment to regulatory compliance, BWR continues to set benchmarks in the credit rating industry.
For further information on the BWR, refer to their website https://www.brickworkratings.com.
Social Media Handles
LinkedIn: https://www.linkedin.com/company/1289790/admin/feed/posts/
Instagram: https://www.instagram.com/brickworkratings/?utm_medium=copy_link
Facebook: https://www.facebook.com/brickworkratings/
YouTube: https://www.youtube.com/c/BrickworkRatingsLtd
