Date: 02-November-2017
RBI Mandate - Introduction of Legal Entity Identifier for large corporate borrowers

The Reserve Bank of India has mandated the phase-wise implementation of the LEI system for all borrowers of banks in India. Entities without an LEI code are not to be granted renewal / enhancement of credit facilities, after the date specified in the schedule. Kindly refer to the RBI Notification : "Introduction of Legal Entity Identifier for large corporate borrowers"