RBI/2025-26/65
DOR.STR.REC.39/21.06.008/2025-26 July 10, 2025 All Scheduled Commercial Banks
(including Small Finance Banks)
(excluding Local Area Banks, Payments Banks and Regional Rural Banks) Madam / Dear Sir, Basel III Capital Regulations – External Credit Assessment Institutions (ECAIs) – CareEdge Global IFSC Limited Please refer to Paragraph 6 of the Master Circular – Basel III Capital Regulations dated April 01, 2025, as amended from time to time. 2. In terms of para ibid, inter alia, banks are permitted to use the ratings of three international credit rating agencies viz. a) Fitch; b) Moody's; and c) Standard & Poor’s for the purpose of risk weighting their claims on different foreign entities for capital adequacy purposes. 3. It has been decided to permit banks to also use the ratings of M/s CareEdge Global IFSC Limited for risk weighting their claims on non-resident corporates originating at International Financial Services Centre (IFSC). 4. The rating-risk weight mapping for the ratings assigned by M/s CareEdge Global IFSC Limited shall be as follows: | Rating Category | AAA | AA | A | BBB | BB & below | | Risk weight (%) | 20 | 30 | 50 | 100 | 150 | Yours faithfully, (Vaibhav Chaturvedi)
Chief General Manager |