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Legal Entity Identifier (LEI) - It is mandatory for corporate borrowers having aggregate fund-based and non-fund based exposure of ₹ 5 crore and above from any bank to obtain Legal Entity Identifier (LEI) registration and capture the same in the Central Repository of Information on Large Credits (CRILC). This will facilitate assessment of aggregate borrowing by corporate groups, and monitoring of the financial profile of an entity/group. On a review, it has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs). It is further advised that non-individual borrowers enjoying aggregate exposure of ₹5 crore and above from banks and financial institutions (FIs)m shall be required to obtain LEI codes Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF) – (the head office of which is BASEL Switzerland) the entity tasked to support the implementation and use of LEI. In India, LEI code may be obtained from Legal Entity Identifier India Ltd (LEIIL), a subsidiary of the Clearing Corporation of India Limited (CCIL), which has been recognised by the Reserve Bank as issuer of LEI under the Payment and Settlement Systems Act, 2007 and is accredited by the GLEIF as the Local Operating Unit (LOU) in India for issuance and management of LEI. GLIEF was started in 2012 by G20. The validity of the LEI Code is for one year and it has to be renewed every year
Uttarakhand Livelihood Improvement Project for Himalayas (ULIPH) is managed by:
Which country delivered short-range ballistic missiles, including the Fath-360, to Russia?
On which day is National Voters' Day celebrated every year?
The Elphinstone code which introduced a uniform scheme of criminal law was introduced in which year?
Who has become the first Indian female athlete to win a gold medal in javelin throw in the history of Asian Games?
Who has been appointed as the MD and CEO of Digital Infrastructure Providers Association?
Where is India's largest leopard safari located?
Consumer behavior can be explained with which of the following?
I. Cardinal utility analysis
II. Ordinal utility analysis
In which city India’s quantum Computing Based Telecom Network Link is now Operational ?
Which Indian state is the site of Tata Group's newly announced ₹27,000 crore semiconductor facility?
