LEIL LEI

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"

The information with respect to the legal entity published on the website of LEIL shall not be construed as an advice of professional, financial, legal or an investment advice and must not be used as the basis for making investment decisions (lending and exposure).

LEIL does not advocate, advise or advertise the financial/legal soundness, standing or stability of the Legal Entity to which LEI is assigned by LEIL. The assignment of LEI to a Legal Entity does not amount to LEIL vouching for the Legal Entity’s financial/legal soundness or financial standing. Any person using the public information about a Legal Entity published on this Site is requested to do the normal due diligence of the Legal Entity, which he or she would have normally done in the ordinary course of business before entering into the financial transactions with such Legal Entities holding LEIs issued by LEIL.