Use of Bank Statements

The Reserve Bank of India vide its communication DBR.BP.No. 1777 /21.06.007/2018-19 dated 30 August 2018 has advised the inclusion of bank statement analysis in determining the debt servicing capacity of the rated issuers.

Acuite will seek relevant bank loan statements from the issuers undergoing a rating exercise (for both fresh and review cases). Acuite has specified bank statements as part of the information requirements wherein bank statement(s) for the last 6 months for the cash credit account/s and the term loan account/s are sought from all entities undergoing the rating exercise.

Bank statement analysis is an additional / complementary step and is not intended to replace the feedback which Acuite seeks from bankers. Bank statement analysis is primarily used in its credit rating as one of the inputs to assess the liquidity position of the company. Acuite will not be in a position to carry out an audit or forensic analysis of the bank statement.

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Our exciting journey started in 2005 with rating of bank borrowers most of whom were small and medium enterprises. At that time, credit rating was a concept known only to large issuers of capital market instruments. Since then, like a caterpillar transforms itself into a beautiful butterfly, we transformed to rate bonds, bank facilities of large corporates and issuers across industries. Along came many achievements - SEBI Registration in 2011, RBI accreditation in 2012, 50,000 ratings in 2018, 5,000 Bond and Bank Loan Ratings in 2017, launch of India's first Android and iPhone app to disseminate rating, tamper-proof QR-code-enabled rating rationales, and SMERA Terminal to name a few.

Now is the time to re-emphasize our increasing footprint across all segments of ratings through the launch of our new name - 'Acuité'.

The name has changed. The spirit of upholding highest standards of analytical rigour, continuous improvement, excellence in our processes and quest for innovation remains the same. We would like to re-emphasize that we will continue to work hard to provide independent, unbiased and timely opinion of highest standard.

Acuité means 'sharpness and clarity of thought and vision'. Let our research and ratings help you take decisions with confidence.


Sankar Chakraborti
CEO