Introduction of Legal Entity Identifier for large corporate borrowers

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....ARD), Local Area Banks, Small Finance Banks Madam/Dear Sir, Introduction of Legal Entity Identifier for large corporate borrowers The Legal Entity Identifier (LEI) code is conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. LEI is a 20-digit unique code to identify parties to financial tra....

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....f credit facilities. A separate roadmap for borrowers having exposure between Rs. 5 crore and upto Rs. 50 crore would be issued in due course. 4. Banks should encourage large borrowers to obtain LEI for their parent entity as well as all subsidiaries and associates. 5. Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Founda....

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....hief General Manager-in-Charge Extracts from Statement on Developmental and Regulatory Policies dated October 4, 2017 5. Legal Entity Identifier (LEI) - It has been decided to require banks to make it mandatory for corporate borrowers having aggregate fund-based and non-fund based exposure of Rs. 5 crore and above from any bank to obtain Legal Entity Identifier (LEI) registration and capt....