Economics • Banking & FinanceEasy
Which of the following is responsible for regulating the credit rating agencies in India?
A. Reserve Bank of India
B. Securities and Exchange Board of India✓ Correct Answer
C. Insurance Regulatory and Development Authority
D. Ministry of Finance
💡 Solution & Explanation
The Securities and Exchange Board of India is legally empowered under the SEBI Credit Rating Agencies Regulations to register, supervise, and penalize credit rating agencies operating within the domestic financial markets. Other institutions like the Reserve Bank of India oversee commercial banks, whereas credit rating agencies fall exclusively under capital market oversight.
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