09 April 2009
We are enjoying working capital limits of Rs 25 crore (fund based + non fund based) from consortium bankers. The bankers are insisting to get the rating done and telling us that it is made compulsory by RBI. So we would like to know whether really it is mandatory or the banks are insisting the rating for their own risk exposures. We have been informed that it is not compulsory by RBI but since the bankers are likely to save capital if they get their loan portfolios rated.So what are the norms and ceiling for rating
CAclubindia
