The Reserve Bank of India has issued a notification to scheduled commercial banks, including small finance banks, removing the restrictions and limits previously placed on the use of Brickwork Ratings India Private Limited (BRIPL) credit ratings for risk-weighting claims under the Basel III capital framework. The change updates the earlier permission granted via the 10 July 2024 circular, under which banks could use BRIPL ratings subject to specified constraints. All other provisions governing the use of external credit ratings in the Basel III Capital Regulations master circular dated 1 April 2025 remain unchanged.
Reserve Bank of India 2025-06-09
Reserve Bank of India lifts restrictions on banks’ use of Brickwork Ratings for Basel III capital risk weights
The Reserve Bank of India has lifted restrictions on scheduled commercial banks, including small finance banks, regarding the use of Brickwork Ratings India Private Limited credit ratings for risk-weighting claims under the Basel III capital framework. This updates the previous permission granted in the 10 July 2024 circular. Other provisions in the Basel III Capital Regulations master circular dated 1 April 2025 remain unchanged.