Page 210 - DCOM304_INDIAN_FINANCIAL_SYSTEM

Mahesh Kumar Sarva, Lovely Professional University Unit 10: Credit Rating and Consumer Finance

Unit 10: Credit Rating and Consumer Finance Notes

CONTENTS
Objectives
Introduction

10.1 Regulatory Framework
10.1.1 Conditions of Certificate and Validity Period
10.1.2 Renewal of Certificate
10.1.3 Effect of Refusal to Grant Certificate
10.1.4 Code of Conduct
10.1.5 Monitoring of Ratings
10.1.6 Procedure for Review of Rating

10.1.7 Internal procedures to be framed
10.1.8 Disclosure of Rating Definitions and Rationale
10.1.9 Appointment of Compliance Officer
10.1.10 Maintenance of Books of Accounts, Records etc.
10.1.11 Rating process
10.1.12 Restriction on Rating of Securities Issued by Promoters or by Certain Other
Persons
10.1.13 Procedure for Inspection and Investigation
10.1.14 Procedure for Action in Case of Default
10.1.15 Effect of Suspension and Cancellation of Registration of Credit Rating
Agency
10.2 Credit Rating Process
10.3 Credit Rating Agencies
10.4 Consumer Finance
10.5 Retail Consumer Finance
10.6 Summary
10.7 Keywords
10.8 Review Questions
10.9 Further Reading

Objectives

After studying this unit, you should be able to:
 Understand regulatory framework;

 Understand credit rating process;
 Understand credit rating agencies;

LOVELY PROFESSIONAL UNIVERSITY 205