Extension of guidelines

“On a review, it has been decided that the guidelines on LEI stand extended to primary (urban) co-operative banks (UCBs) and NBFCs.

“It is further advised that non-individual borrowers enjoying aggregate exposure of ₹5 crore and above from banks and financial institutions shall be required to obtain LEI codes,”- RBI circular.

However, exemptions include departments/agencies of Central and State governments (not PSUs registered under Companies Act or established as corporation under the relevant statute). In the current statement, “banks” include scheduled commercial banks (excluding regional rural banks), local area banks, small finance banks, and primary (urban) co-operative banks.

Additionally, “financial institutions” include Exim Bank, SIDBI, NHB, NABARD, NaBFID, and NBFCs.

In 2017, RBI had prescribed a timeline for corporate borrowers having aggregate fund-based and non-fund-based exposure of ₹50 crore and above from any bank to obtain LEI registration and capture the same in the Central Repository of Information on Large Credits (CRILC). “This will facilitate assessment of aggregate borrowing by corporate groups, and monitoring of the financial profile of an entity/group,” the central bank had said then.


LEI Register — The leading LEI service provider

LEI Register is an official Registration Agent – we have been helping legal entities apply for new LEI codes or transfer and renew existing LEI codes since early 2018. We have successfully pursued our goal to make the LEI registration process simple, automated, fast, and affordable.

LEI Register has built a loyal customer base in India and worldwide by offering the lowest prices on the market, whilst keeping active 7 days a week customer support in a local language in 35 countries.