SEBI Fines Three Credit Rating Agencies For IL&FS Debt Rating

Stock market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 25 lakh on each of three leading credit rating agencies for their failure to carry out proper due diligence when assigning credit ratings to the troubled Infrastructure & Leasing Finance Services (IL & FS).

Impact of safety ratings on your FDs

Impact of safety ratings on your Fixed Deposits According to a survey conducted by SEBI, more than 95 per cent of Indian households held savings in the form of bank fixed deposits in 2015. The credit for this goes to…