 "Central bank relaxes rating requirement on CP issuance")
The Reserve Bank of India (RBI) on Thursday made it mandatory for commercial paper (CP) issuances to come with two ratings, effective from October 1, while relaxing the minimum size of issuance to Rs 5 lakh from Rs 10 lakh earlier. According to the latest RBI data, the total outstanding in CPs was at Rs 3,29,420 crore as of June-end.
“Eligible issuers, whose total CP issuance during a calendar year is Rs 1,000 crore or more, shall obtain credit rating for issuance of CPs from at least two (credit rating agencies) registered with Sebi and should adopt the lower of the two ratings,” said RBI.
“Eligible issuers, whose total CP issuance during a calendar year is Rs 1,000 crore or more, shall obtain credit rating for issuance of CPs from at least two (credit rating agencies) registered with Sebi and should adopt the lower of the two ratings,” said RBI.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%