RBI Approves Brickwork Ratings for Bank Risk-Weighting

The Reserve Bank of India has approved Brickwork Ratings India Private Limited for use in banks' risk-weighting of claims for capital adequacy. Brickwork Ratings has also diversified its Board of Directors following regulatory compliance approval by SEBI, incorporating experts from various fields to enhance credit rating integrity and investor protection.

The Reserve Bank of India (RBI) has officially authorized banks to utilize the ratings provided by Brickwork Ratings India Private Limited (BWR) for risk-weighting their claims in capital adequacy assessments.

This approval follows BWR's compliance with regulatory conditions set by the Securities and Exchange Board of India (SEBI) in April 2024, allowing it to fully resume operations and onboard new clients. The firm subsequently expanded its Board of Directors, adding independent experts in banking, law, IT, and corporate business.

According to Mr. Santosh B Nayar, Chairman of BWR, the RBI's decision underscores the company's dedication to high regulatory standards and excellence in credit rating services. With a diversified board, BWR aims to uphold the integrity of credit ratings and protect investor interests. For more details, refer to RBI's notification [here](https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12700&Mode=0).

About Brickwork Ratings: Established in 2007 and headquartered in Bengaluru, BWR provides credit rating services for various financial instruments. Learn more at their [website](https://www.brickworkratings.com).

(With inputs from agencies.)