Index dashboard — December 2022

(1)

Index dashboard — December 2022

Index Yield (EOM) Yield(B

OM) MD MacD 1-M 3-M 12-M 3Y 5Y

Composite

indices 1 Month 3 month 1

year 3 year

5 year CRISIL

Liquid Fund Index

6.64 6.51 0.10 0.11 0.57 1.64 5.08 4.43 5.54

CRISIL Ultra Short Term

Debt Index 7.17 7.26 0.41 0.44 0.63 1.74 5.26 5.19 6.27 CRISIL Low

Duration Debt Index

7.34 7.39 0.69 0.74 0.61 1.72 4.94 5.54 6.57

CRISIL Short Term Bond Fund Index

7.63 7.63 1.94 2.07 0.55 1.76 3.59 6.09 6.88

CRISIL Medium Term Debt Index

7.89 7.86 3.29 3.54 0.55 1.81 2.21 6.61 7.11

CRISIL Medium To Long Term Debt Index

7.59 7.56 5.37 5.66 0.44 2.04 2.07 6.28 7.02

CRISIL Long Term Debt

Index 7.62 7.60 7.58 7.98 0.42 2.39 2.46 6.45 7.29

CRISIL Composite Bond Fund Index

7.61 7.57 4.94 5.19 0.45 2.04 2.51 5.99 6.90

CRISIL Dynamic Debt Index

7.61 7.57 4.86 5.13 0.45 2.09 2.46 6.23 6.92

CRISIL Long Term Corporate Bond Index

7.79 7.76 5.60 6.01 0.52 2.21 2.46 7.30 7.08

CRISIL Medium Term Corporate Bond Index

7.79 7.75 3.17 3.40 0.53 1.78 2.15 6.60 7.03

CRISIL Short Term Corporate Bond Index

7.63 7.60 1.49 1.60 0.54 1.63 3.81 6.33 7.19

CRISIL Corporate Bond Composite Index

7.74 7.70 3.44 3.69 0.52 1.88 2.85 6.65 7.02

CRISIL Medium Term Credit Risk Index

9.10 9.11 2.11 2.27 0.71 2.17 5.41 8.02 8.19

CRISIL Short Term Credit Risk Index

8.50 8.54 1.25 1.35 0.68 1.97 5.77 7.70 8.18

CRISIL Composite Credit Risk Index

9.08 9.11 2.87 3.08 0.76 2.27 5.41 8.46 7.83

CRISIL Banking and PSU Debt Index

7.41 7.42 3.19 3.40 0.57 1.84 3.01 5.70 6.85

Gilt indices

CRISIL Short Term Gilt Index

7.16 7.09 3.07 3.18 0.36 1.95 2.65 5.68 6.69

CRISIL Medium Term Gilt Index

7.32 7.27 5.67 5.88 0.34 2.04 1.90 5.63 6.92

CRISIL Long Term Gilt Index

7.41 7.38 9.64 10.00 0.31 2.66 2.69 5.77 7.58

CRISIL Composite Gilt Index

7.33 7.28 6.78 7.03 0.34 2.25 2.05 5.10 6.74

CRISIL Dynamic Gilt Index

7.28 7.23 5.79 6.00 0.35 2.26 2.23 5.68 6.80

CRISIL 10 Year Gilt Index

7.37 7.33 6.54 6.78 0.31 2.28 0.46 3.62 5.43

Index Yield (EOM) Yield(B

OM) MD MacD 1-M 3-M 12-M 3Y 5Y

CRISIL Broad Based Long Term Gilt Index

7.42 7.39 9.88 10.25 0.25 2.60 2.70 5.92 7.77

CRISIL Broad Based Medium Term Gilt Index

7.33 7.28 5.67 5.88 0.33 2.06 1.92 5.92 7.28

CRISIL Broad Based Short Term Gilt Index

7.08 7.02 2.45 2.54 0.40 1.91 2.93 5.49 6.52

CRISIL Broad Based

Gilt Index 7.29 7.25 6.47 6.71 0.32 2.24 2.58 5.84 7.29

SDL index

CRISIL 10 Year SDL Index

7.58 7.62 6.75 7.00 0.85 1.83

2.28 4.04 6.46

Credit

Indices

CRISIL AAA Long Term Bond Index

7.70 7.67 5.99 6.43 0.50 2.24 2.14 6.79 7.47

CRISIL AAA Medium Term Bond Index

7.64 7.60 3.20 3.44 0.52 1.70 1.81 6.36 7.05

CRISIL AAA Short Term Bond Index

7.59 7.54 1.60 1.72 0.50 1.60 3.49 6.11 7.05

CRISIL AAA up to 1 Year Short Term Bond Index

7.15 7.24 0.37 0.40 0.62 1.64 4.80 5.17 6.39

CRISIL AAA 1 to 3 Year Short Term Bond Index

7.69 7.61 1.75 1.89 0.48 1.58 3.45 6.14 7.17

CRISIL Composite AA Long Term Bond Index

9.34 9.38 4.90 5.34 0.88 2.25 5.20 11.06 7.38

CRISIL Composite AA Medium Term Bond Index

10.17 10.19 3.05 3.32 0.88 2.34 5.13 8.42 7.66

CRISIL Composite AA Short Term Bond Index

8.50 8.56 1.27 1.36 0.70 1.89 5.63 7.69 8.02

CRISIL AA and AA+

Long Term Bond Index

8.56 8.56 5.07 5.50 0.59 1.56 3.38 9.68 6.98

CRISIL AA and AA+

Medium Term Bond Index

10.56 10.61 3.00 3.27 0.99 2.39 4.74 8.98 7.92

CRISIL AA and AA+

Short Term Bond Index

8.74 8.76 1.17 1.25 0.68 1.91 5.21 7.49 7.70

CRISIL AA and AA+ up to 1 Year Short Term Bond Index

8.57 8.67 0.62 0.66 0.76 1.82 6.26 6.88 7.80

CRISIL AA and AA+ 1 to 3 Year Short Term Bond Index

8.88 8.85 1.51 1.62 0.66 1.94 5.07 7.67 7.49

CRISIL AA+

Long Term Bond Index

8.21 8.18 5.20 5.62 0.47 1.31 2.58 6.98 5.00

CRISIL AA+

8.27 8.28 3.13 3.37 0.72 1.66 3.32 8.20 6.79

(2)

Index Yield (EOM)

Yield(B

OM) MD MacD 1-M 3-M 12-M 3Y 5Y

CRISIL AA+

8.15 8.17 1.43 1.53 0.65 1.71 4.68 6.98 7.51

CRISIL AA Long Term

Bond Index 10.31 10.37 4.90 5.40 1.11 2.70 6.95 16.75 10.90 CRISIL AA

11.38 11.40 2.94 3.22 0.97 2.41 5.81 9.31 8.65

CRISIL AA Short Term Bond Index

8.70 8.72 1.23 1.32 0.68 1.89 6.08 7.70 8.09

CRISIL AA- Long Term

Bond Index 9.29 9.43 3.85 4.21 1.30 3.59 8.08 7.29 5.61 CRISIL AA-

10.53 10.56 3.17 3.45 0.93 3.28 6.86 9.32 8.47

CRISIL AA- Short Term Bond Index

8.77 8.97 1.04 1.13 0.81 2.20 6.21 8.36 8.72

CRISIL A Medium to Long Term Bond Index

11.13 11.26 4.01 4.10 1.40 3.22 10.73 10.41 9.78 CRISIL A

11.51 11.58 1.07 1.15 0.97 3.28 11.65 11.55 11.02 CRISIL A

12.30 12.30 3.10 3.26 0.97 3.19 11.95 11.01 10.46 CRISIL

Medium to Long Term Banking Debt Index

8.09 8.11 8.57 9.27 1.09 2.17 6.43 8.03 8.55

CRISIL Short Term Banking Debt Index

8.41 8.33 1.10 1.19 0.56 1.67 4.06 6.61 7.80

CRISIL Medium to Long Term PSU Debt Index

7.48 7.47 4.61 4.88 0.56 2.03 1.40 6.00 7.28

CRISIL Short Term PSU Debt Index

7.38 7.36 1.45 1.55 0.47 1.59 2.78 5.60 6.68

CRISIL Liquid Fund AI Index

6.58 6.46 0.10 0.11 0.56 1.62 5.02 4.25 5.26

CRISIL Liquid Fund BI Index

6.56 6.48 0.10 0.11 0.57 1.64 5.12 4.42 5.41

CRISIL Low Duration Fund AI Index

7.42 7.44 0.72 0.77 0.58 1.64 4.57 5.13 6.27

CRISIL Low Duration Fund BI Index

7.43 7.46 0.58 0.62 0.63 1.73 5.07 5.36 6.27

CRISIL Low Duration Fund CI Index

7.59 7.69 0.53 0.57 0.64 1.86 5.65 5.99 6.64

CRISIL Short Duration Fund AII Index

7.45 7.45 1.83 1.95 0.53 1.72 3.42 5.61 6.59

CRISIL Short Duration Fund BII Index

7.91 7.90 1.73 1.84 0.58 1.84 4.17 6.40 6.92

CRISIL Short Duration Fund CII Index

9.90 9.95 1.57 1.67 0.81 2.77 8.32 9.19 9.14

CRISIL Medium Duration Fund AIII Index

7.57 7.52 3.32 3.55 0.49 1.76 1.95 6.28 7.02

CRISIL Medium Duration

Fund BIII 8.84 8.83 3.28 3.54 0.70 2.02 3.18 7.55 7.39

Yield(B

OM) MD MacD 1-M 3-M 12-M 3Y 5Y

CRISIL Medium Duration Fund CIII Index

10.21 10.24 3.28 3.53 0.94 2.76 6.21 8.77 8.17

CRISIL Medium to Long Duration Fund AIII Index

7.50 7.46 5.22 5.49 0.42 2.02 1.95 6.13 7.11

CRISIL Medium to Long Duration Fund BIII Index

8.97 8.98 4.36 4.69 0.70 2.15 3.34 7.94 7.52

CRISIL Medium to Long Duration Fund CIII Index

9.69 9.76 4.67 5.05 1.07 2.86 6.79 12.20 8.97

CRISIL Long Duration Fund AIII Index

7.56 7.53 7.78 8.18 0.41 2.45 2.42 6.30 7.53

CRISIL Credit Risk Fund CII Index

9.19 9.26 1.38 1.48 0.75 2.32 6.87 8.53 8.77

CRISIL Credit Risk Fund CIII Index

9.69 9.72 3.29 3.50 0.89 2.55 5.90 8.77 8.10

CRISIL Corporate Bond Fund BII Index

8.00 8.00 1.64 1.75 0.60 1.72 4.34 6.74 7.40

CRISIL Corporate Bond Fund BIII Index

8.17 8.17 3.12 3.36 0.66 1.71 3.16 7.79 6.87

CRISIL Dynamic Bond Fund AIII Index

7.48 7.44 5.27 5.56 0.43 2.13 2.11 6.15 7.05

CRISIL Dynamic Bond Fund BIII Index

8.97 8.97 4.37 4.70 0.71 2.17 3.37 7.95 7.51

CRISIL Dynamic Bond Fund CIII Index

9.69 9.76 4.68 5.07 1.07 2.88 6.83 12.21 8.96

CRISIL Money Market Fund AI Index

7.20 7.24 0.27 0.29 0.60 1.66 5.06 4.64 5.76

CRISIL Money Market Fund BI Index

6.93 6.96 0.30 0.32 0.61 1.69 5.13 4.72 5.78

CRISIL Money Market Fund CI Index

7.25 7.37 0.25 0.27 0.63 1.83 5.78 5.50 6.30

CRISIL Ultra Short Duration Fund AI Index

7.29 7.35 0.33 0.36 0.61 1.66 4.97 4.85 6.02

CRISIL Ultra Short Duration Fund BI Index

7.34 7.39 0.33 0.36 0.64 1.72 5.36 5.15 6.21

CRISIL Ultra Short Duration Fund CI Index

7.44 7.57 0.27 0.29 0.65 1.84 5.92 5.71 6.52

Money market indices

CRSIL Overnight Fund AI Index

6.49 5.66 0.00 0.00 0.52 1.52 4.78 3.82 4.67

(3)

Yield(B

OM) MD MacD 1-M 3-M 12-M 3Y 5Y

CRISIL 1 Month CD Index

6.77 6.54 0.07 0.07 0.58 1.67 5.25 4.46 5.35

CRISIL 2 Month CD

Index 6.55 6.83 0.12 0.13 0.60 1.71 5.24 4.57 5.53

6.64 6.93 0.20 0.21 0.62 1.74 5.30 4.78 5.92

7.25 7.45 0.41 0.44 0.64 1.74 5.24 5.27 6.34

CRISIL 1 Year CD Index

7.59 7.70 0.83 0.89 0.60 1.57 4.18 5.28 6.43

CRISIL Composite CD Index

7.01 7.23 0.40 0.43 0.62 1.69 4.98 4.85 5.89

CRISIL 1 Month CP Index

7.12 6.74 0.07 0.07 0.59 1.73 5.56 4.91 5.83

7.07 7.07 0.13 0.14 0.61 1.76 5.49 4.89 5.88

CRISIL 3 Month CP

Index 7.03 7.07 0.18 0.20 0.64 1.84 5.55 5.10 6.42

7.77 8.04 0.40 0.43 0.70 1.95 6.01 6.17 7.24

CRISIL 1 Year CP Index

8.90 8.59 0.81 0.88 0.72 1.60 5.22 6.55 7.28

CRISIL Composite CP Index

7.27 7.30 0.25 0.27 0.65 1.82 5.56 5.18 6.32

CRISIL 1 Month T-Bill Index

6.05 6.00 0.07 0.08 0.54 1.54 4.81 4.04 4.95

CRISIL 2 Month T-Bill Index

6.27 6.23 0.15 0.16 0.54 1.60 4.85 4.13 5.10

CRISIL 91 day T-Bill Index

6.34 6.33 0.22 0.23 0.56 1.60 4.89 4.28 5.26

CRISIL 182 day T-bill index

6.72 6.70 0.45 0.48 0.56 1.66 4.72 4.47 5.42

CRISIL 1 Year T-Bill Index

6.88 6.84 0.92 0.98 0.62 1.61 4.13 4.50 5.58

CRISIL Composite T-

Bill Index 6.60 6.58 0.48 0.48 0.58 1.62 4.64 4.39 5.38 CRISIL

Money Market Index

7.02 7.10 0.35 0.35 0.62 1.73 5.24 4.94 6.04

CRISIL Money Market Index- Insurance

7.14 7.04 0.07 0.41 0.61 1.67 4.86 4.91 5.90

CRISIL Upto 91 Day CD Index - A_

6.56 6.50 0.09 0.10 0.56 1.62 4.8 3.98 -

CRISIL Upto 91 day CD Index - B

6.71 6.64 0.09 0.10 0.57 1.66 5.0 4.32 -

CRISIL Upto 365 Day CD index - A

6.97 6.98 0.36 0.39 0.60 1.64 4.7 4.39 -

CRISIL Upto 365 Day CD index - B

6.99 7.00 0.19 0.20 0.61 1.70 5.1 4.78 -

CRISIL Upto 365 Day CD Index - C

7.12 7.10 0.17 0.18 0.59 1.73 5.5 5.28 -

CRISIL Upto 365 Day CP Index - A

7.09 7.16 0.24 0.26 0.63 1.71 5.2 4.84 -

CRISIL Upto 365 Day CP

Index - B 7.21 7.33 0.18 0.19 0.63 1.78 3.0 4.57 - CRISIL Upto

365 Day CP Index - C

7.63 7.92 0.20 0.21 0.69 2.01 6.4 6.02 -

CRISIL Upto 91 Day CP

Index - A 6.75 0.00 0.09 0.10 0.58 1.68 5.2 4.41 -

Yield(B

OM) MD MacD 1-M 3-M 12-M 3Y 5Y

CRISIL Upto 91 Day CP Index - B

6.93 7.06 0.08 0.09 0.59 1.74 5.5 4.89 -

Dollar

indices

CRISIL Composite Bond Fund Dollar Index

-0.99 0.52 -8.00 0.83 1.51 CRISIL Short

Term Bond Fund Dollar Index

-0.90 0.24 -7.02 0.92 1.49 CRISIL

Liquid Fund Dollar Index

-0.88 0.12 -5.69 -0.65 0.22 CRISIL

Dynamic Gilt Dollar Index

-1.09 0.73 -8.25 0.53 1.42 CRISIL 10

Year Gilt Dollar Index

-1.13 0.75 -9.83 -1.43 0.12 CRISIL 91

day T-Bill Dollar Index

-0.89 0.08 -5.86 -0.80 -0.05 CRISIL 1

Year T-Bill

Dollar Index -0.82 0.09 -6.54 -0.59 0.26

CRISIL FPI

Dollar Index -0.97 0.52 -8.06 1.03 1.62

Hybrid

indices

CRISIL Hybrid 25+75 - Aggressive Index

-2.34 4.00 5.07 14.98 11.45 CRISIL

Hybrid 50+50 - Moderate Index

-1.41 3.36 4.34 12.34 10.22 CRISIL

Hybrid 75+25 - Conservative Index

-0.48 2.71 3.49 9.33 8.70

CRISIL Hybrid 35+65 - Aggressive Index

-1.97 3.75 4.80 13.97 11.00 CRISIL

Hybrid 65+35 - Conservative Index

-0.85 2.97 3.85 10.58 9.34

CRISIL Hybrid 85+15 - Conservative Index

-0.11 2.44 3.11 8.03 8.01

CRISIL Short Term Debt Hybrid 75+25 Fund Index

-0.41 2.50 4.32 9.40 8.67 CRISIL Short

Term Debt Hybrid 60+40 Fund Index

-0.98 2.94 4.69 11.23 9.62 CRISIL

Arbitrage Index

0.52 1.73 6.07 5.95 6.46 CRISIL

Equity Savings Index

-0.87 3.31 5.77 10.34 9.53

FPI indices

CRISIL FPI

Index 7.70 7.67 4.93 5.22 0.48 2.04 2.44 6.20 7.01

MD and MacD are as of the beginning of the month; returns for periods over one year are annualised

(4)

Summary

Gilt indices

The yield on the 10 year benchmark government security (G-sec; 7.26% GS 2032) opened December at 7.21% and closed at 7.33%. It was up by almost 5 basis points (bps) from the November close of 7.28%.

The market was bullish when the month started, as real gross domestic product (GDP) growth in the second quarter this fiscal was in line with market expectations, at 6.3% on-year. Yield on the 10-year benchmark G-sec opened the month 7 bps below its previous close, but soon it hardened owing to weak demand in the weekly auction.

G-sec yields remained under pressure during the week with the Reserve Bank of India (RBI) increasing the repo rate by 35 bps to 6.25% and continuing the withdrawal of its accommodative stance to tame inflation. Yield on the 10-year benchmark G-sec closed the week higher.

Towards the middle of the month, G-sec yields were range-bound. Market sentiment was bullish when the

third week started, as Consumer Price Index (CPI)-based inflation slowed to a 11-month low of 5.9% in November. Towards the end of the week, however, yields hardened due to an increase in crude oil prices with China easing its Covid-19

lockdowns.

In the last week, trade in G-secs was steady amid lack of domestic market cues. Market participants stayed

on the sidelines ahead of release of the state development loan (SDL) and T-bill borrowing calendar. With narrow range- bound activity through the last week, yield on the 10-year benchmark G-sec closed the month at 7.33%.

The CRISIL 10-year SDL Index returned 0.85%, with its yield easing 3 bps over the month.

Note: All yield levels quoted are volume-weighted average yields in the last trading hour of the day

(5)

Credit indices

Returns on credit indices ranged 0.41-1.41%in December, compared with 0.50-1.87%in November. Credit spreads on annualised G-secs in the 10-year maturity segment — based on the PSU FI benchmark paper in the 10-year segment — firmed 1 bps.

The yield on the 10-year AAA public financial institution corporate bonds firmed by 3 bps in December, against an easing of 14 bps in November.

M oney market indices

Returns on money market indices ranged from 0.52% to 0.72% compared with 0.48% to 0.70% in November. On average, index yields on commercial papers (CPs) eased by 12 bps, on certificates of deposit (CDs) 17 bps, and treasury bills (T- bills) hardened by 3.4 bps.

Dollar indices

The returns on dollar-denominated fixed-income indices ranged between -1.13% to -0.82%, compared with 0.310% to 0.62

% for rupee-denominated peers. The local currency depreciated 1.44% against the greenback.

Note: All yield levels quoted are volume-weighted average yields in the last trading hour of the day 0.60%

0.65%

0.56%

-0.18%

-0.31%

-0.17%

0 0.5 1 1.5 2 2.5 3 3.5

-0.35%

-0.30%

-0.25%

-0.20%

-0.15%

-0.10%

-0.05%

0.00%

0.500%

0.520%

0.540%

0.560%

0.580%

0.600%

0.620%

0.640%

0.660%

0.680%

CRISIL 3 Month CD Index CRISIL 3 Month CP Index CRISIL 91 Day T-Bill Index One month returns Change in yield (%)

(6)

SDL, T-bill, corporate bond, CP/CD, and G-sec trading volume (Rs crore)

For further information on CRISIL indices, visit http://www.crisil.com/capital-markets/indices.html

Note: All yield levels quoted are volume-weighted average yields in the last trading hour of the day

(7)

Analyst disclosure

Members of the team (including their relatives) involved in the preparation of this report and whose names are published as part of this report hereby affirm that there exists no conflict of interest (including any financial interest or actual/ beneficial ownership of 1% or more of the securities of the subject companies) that can bias the output of the Report. Further, neither the members have served as officers, directors, or employees of the companies analysed in the report in the last 6 months nor have they engaged in market making activities for the subject companies.

Terms and conditions

This Report is based on data publicly available or from sources considered reliable. CRISIL Research does not represent that the Report is accurate or complete and hence, it should not be relied upon as such. Opinions expressed herein are our current opinions as on the date of this report. Nothing in this report constitutes investment, legal, accounting or tax advice or any solicitation, whatsoever. The subscriber/ user assume the entire risk of any use made of this data/ report. CRISIL especially states that, it has no financial liability whatsoever, t o the subscribers/ users of this report.

The report is for use within the jurisdiction of India only. Nothing in this report is to be construed as CRISIL providing, o r intending to provide, any services in other jurisdictions where CRISIL does not have the necessary permissions and/ or registration to carry out its business activities. The user will be solely responsible for ensuring compliance for use of the report, or part thereof, outside India.

CRISIL Research operates independently of, and does not have access to information obtained by CRISIL’s Ratings division and/ or CRISIL Risk and Infrastructure Solutions Limited (CRIS), which may, in their regular operations, obtain information o f a confidential nature. The views expressed in this Report are that of CRISIL Research, and not of CRISIL Ratings or CRIS.

Company disclosure

1. CRISIL Research or its associates do not provide investment banking or merchant banking or brokerage or market making services.

2. CRISIL Research encourages independence in research report preparation and strives to minimize conflict in preparation of research reports through strong governance architecture comprising of policies, procedures, and disclosures.

3. CRISIL Research prohibits its analysts, persons reporting to analysts, and their relatives from having any financial interest in the securities or derivatives of companies that the analysts cover.

4. CRISIL Research or its associates collectively may own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the research report.

5. CRISIL Research or its associates may have financial interest in the form of holdings in the subject company mentioned in this report.

6. CRISIL receives compensation from the company mentioned in the report or third party in connection with preparation of the research report.

7. As a provider of ratings, grading, data, research, analytics and solutions, infrastructure advisory, and benchmarking services, CRISIL or its associates are likely to have commercial transactions with the company and may receive compensation for the services provided.

8. CRISIL Research or its associates do not have any other material conflict of interest at t he time of publication of the report.

9. No material disciplinary action has been taken against CRISIL Research or its analysts by any Regulatory Authority impacting Research Analyst activities.

(8)

Contact details

Bhavik Bhathgara

Associate Director – Funds and Fixed Income Research +91-22-3342 8053

[email protected]

About CRISIL Market Intelligence & Analytics

CRISIL Market Intelligence & Analytics, a division of CRISIL, provides independent research, consulting, risk solutions, and data & analytics.

Our informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisi ons for clients across diverse sectors and geographies.

Our strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management soluti ons backed by deep understanding of technology integration, make us the pa rtner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades.

About CRISIL Limited

CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets fu nction better.

It is India's foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, cul ture of innovation, and global footprint.

It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that operate from India, the US, the UK, Argentina, Poland, China, Hong Kong, UAE and Singapore.

It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benc hmarks, analytics and data to the capital and commodity markets worldwide.

For more information, visit www.crisil.com

Connect with us: LINKEDIN | TWITTER | YOUTUBE | FACEBOOK | INSTAGRAM

CRISIL Priv acy

CRISIL respects your privacy. We may use your personal information, such as your name, location, contact number and email id to fulfil your request, service your account and to provide you with additional information from CRISIL. For further information on CRISIL’s privacy policy please visit www.crisil.com/privacy.