Every use case below starts from the same inversion: the lender-wise annexure is published borrower-first, and TatvaRatings indexes it lender-first. What changes between the three is the question being asked of that index.
All figures as at 30 August 2026.
The shared starting point
A rating press release names the banks behind a rated borrower. Read one release and you learn about one borrower. Read them at scale across the seven agencies we cover, parse the annexures into rows, and resolve the lender names, and a second question becomes available: which rated borrowers name this bank?
That is the whole product. As at 30 August 2026 the index holds 179,857 lender-exposure rows across 70,337 rating actions, naming 1,501 distinct lenders.
Read every figure as a floor — the amount evidenced by published documents, not the true position. Why →
The three
Lender exposure analysis →
For credit and risk teams at banks. Start from a bank name and read its rated borrower book: sector mix, rating band distribution, facility types, and where a prospective borrower already banks. The reverse lookup, used directly.
Syndication and advisory →
For arrangers, transaction desks and advisers. Before a mandate goes to market, see which lenders are demonstrably present in a sector, a rating band or a ticket size — from what they have already been named on in public rating disclosures.
NBFC portfolio review →
For NBFC credit teams working co-lending and consortium structures. A periodic review of the published lender positions across a named set of borrowers, across the seven agencies at once. It is a review instrument, not a monitoring system, and that distinction is stated plainly on the page.
What all three share, including the constraints
One universe. Borrowers with a published rating action from one of these seven SEBI-registered agencies — 45,528 of them. Unrated borrowers are outside the dataset by construction, and most Indian borrowers have never been rated.
One clock. An annexure reflects the sanctioned position as at the rating action date. A cooperating issuer’s rating is reviewed periodically rather than continuously, broadly once a year, so a typical record describes a position a year or more old.
One reading rule. Figures are floors, not totals. Only 46.2% of rating actions publish a lender-wise annexure at all (32,498 of 70,337, as at 30 August 2026) — disclosure depends on the issuer’s consent — and the rated book is a minority of any lender’s borrowers.
One boundary. TatvaRatings is market intelligence. It is not exposure monitoring, not a system of record, and not a control for any process requiring a current or complete exposure position. Use it to see the shape of the market and generate questions, then verify a specific name through your own channels before you act.
Related
- Coverage — the seven agencies, the date range, the measured counts
- Data limits — the full specification of what this does not cover
- Methodology — how a press release becomes a queryable row
- Sources — where the documents come from
- Talk to us — tell us the first thing you would look up