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RBI asks rating agencies to use social media, AI to catch stress signals

Rating agencies meet RBI top brass, seek access to Central Repository of Information on Large Credits (CRILC) maintained by central bank

The Reserve Bank of India has asked rating agencies to enhance the quality of monitoring rated entities through means like social media and corporate filings, and not just depend on information given by companies. Rating agencies in meeting with RBI top brass, including governor Shaktikanta Das and deputy governors, sought access to Central Repository of Information on Large Credits (CRILC) maintained by central bank.   ALSO READ: Irdai issues guidelines for standardisation of indemnity health products Banking regulator informed agencies ...