NISM & CRISIL Certified Credit Underwriter Programme (NCCCU)

Develop a holistic perspective of wealth management.

About NISM

In the budget speech of February 2005, the Honourable Union Finance Minister announced that the Securities and Exchange Board of India (SEBI) should establish an institute to undertake securities markets education and research. In pursuance of this mandate, SEBI established the National Institute of Securities Markets (NISM), in 2006, as a public trust under the Bombay Public Trusts Act, 1950.


The mission for NISM is to add to market quality through educational and research initiatives that would support, enable and expedite an entire gamut of high quality knowledge services in the securities industry. NISM carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards of and increasing the participation in the securities markets. Its six Schools of Excellence work in synergy towards professionalizing the securities markets.



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

It is India's foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture 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 and Singapore.

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


About Program

Level up as NISM & CRISIL Certified Credit Underwriter Programme (NCCCU)


●Helps in thorough understanding of applied macroeconomics for lenders.


●Gives an indepth overview of the debt market, banking sector, NBFC sector and thereby develops an understanding of associated risks



●Abreasts you with the credit risk evaluation framework and developes fine understanding of the analysis of financial statements.


●Empowers you with the knowledege of key regulation, security creation and documentation.


NISM & CRISIL Certified Wealth Manager

About the Certification

 Programme Features

    1. CRISIL’s Framework and Intellectual Property
    2. Created by Industry Practitioners
    3. Access the course on the go
    4. Content focus on nuances of India market

Get certified with an industry-relevant, unique, interactive course for credit risk assessment. The course is imbibed with:

    • Real life case studies
    • Animations
    • Recent regulations/resource documents
    • Market related data and analysis
    • Knowledge Checks
    • Practice tests to monitor progress
    • Online proctored examination

Career Avenues

• Banks


• AMCs

• Insurance Companies

• Rating Agencies

• Investment Banks

• Institutional Brokers

• Private Equity

A Comprehensive Training Solution

● Eligibility:

A bachelor’s degree with at least 50% marks or equivalent cumulative grade point average (CGPA).


● Course duration:

50 hours online certification (self study)


● Examination:

The certification exam will be held quarterly. Exam dates will be intimated atleast 15 days prior. The candidate needs to score minimum 60% to pass the exam. There is no negative marking.


● Certification validity and continuing education:

Your NCCCU certificate (conferred on successful course completion) is valid for three years. Candidates are required to obtain six credits, i.e. complete six hours of online refresher course to renew their certificate every three years.


Download Brochure

Fee Structure

Course Fee

The course fee is Rs.16,000 and exam fee is Rs.2000 (excl. of GST).


Click here to Register Click here to Register

NISM & CRISIL Badge Program

NISM and CRISIL's NCCCU digital badge validates your mastery on credit risk assessment skills.Your digital badge is equivalent to a paper certificate; you can share it online
NISM & CRISIL Certified Wealth Manager

Frequently Asked Questions

1) What does NISM & CRISIL Certified Credit Underwriter (NCCCU) programme offer?
The NISM & CRISIL Certified Credit Underwriter programme readies professionals for a fruitful underwriting career in the financial services industry. The course goes beyond mere concepts and focusses on business insights and challenges, and provides you the relevant knowledge and recognition to enhance your marketability. The content is interactive and exhaustive. It has 22 modules and helps you start and upgrade your career in areas as wide as retail, MSME, sales, and corporate lending.

2) Can I take the course?
Yes, if you have a bachelor’s degree with at least 50% marks, or equivalent cumulative grade point average (CGPA). The course is for graduates who wish to build a fulfilling career in the banking and finance industry, experienced bankers; credit research analysts; professionals working in asset reconstruction companies and consulting firms; professionals seeking to understand debt securities; and those looking to expand their career in commercial and retail finance, credit appraisal, credit monitoring, credit underwriting, loan syndication, stressed asset management, and project finance. And there is no age limit to enrol.

3) What are my career prospects in credit underwriting industry?
The financial services industry is very dynamic. A credit underwriter today performs various functions — from conducting detailed research on financial history of businesses and individuals for determining their creditworthiness to conducting compliance review of banks’ lending policy, and estimating the relative profitability of the relationship to the organisation. In short, career opportunities are aplenty with banks, institutional brokers, insurance companies, asset management companies, private equity, investment banks, rating agencies and non-banking financial companies (NBFCs).

4) How will I benefit from the programme?
The NCCCU programme has a sharp focus on training and upskilling. It provides a deep understanding of various credit assessment skills. The course helps you upgrade and fast-track your career. It will expand your career horizon. It follows a practical approach by using market data, industry trends and relevant case studies to facilitate a deeper understanding of concepts.

5) On average, how long does it take to complete the NCCCU programme?
Each module of the course requires about 50 learning hours, and can be bookmarked to enable quick access.

6) What is the course fee?
The registration fee is Rs 16,000 and the exam fee is Rs 2,000 per attempt. The course has 22 e-learning modules, including real-life case studies, recent regulations, resource documents, and market-related data and analysis

7) How do I make the payment?
After the registration, an email is sent to the participant with a payment link. The participant has to make the payment and reply to the email with details of the transaction.

8) How long can I access the course?
Access to the course content is valid for two years from the date of purchase.

9) Is the programme online-only?
Yes, it is a completely self-paced, online learning programme with human voice over, clickable interactivities, animations, additional reading material and knowledge checks to assess users.

10) What will I learn through the course?
Mainly, core concepts of credit risk assessment, including industry analysis, business risk evaluation, financial analysis and promoter assessment; various financial products for small, medium-sized and large businesses; and financial metrices of corporate performance. It helps you build capability to move towards new-age lending.

11) How can I access the online learning modules?
Access to the e-learning topics will be provided through the NISM platform. Once you complete the purchase, you will receive an email within 48 hours with details to access the course. The credentials to access it will be the same as those used for registration (email and password). You can see the course assigned under Your Courses, on the dashboard page. Click the assigned course and the course content page opens. Click the first module and begin the course.

12) How frequently is the content updated?
The content is updated to incorporate any new concept, or every time there is a change in industry practice or regulation. In addition, analysis of key events, articles and expert videos relevant for a credit underwriter are frequently added. This will keep you abreast of emerging trends and best practices in the credit underwriting space.

13) Can I access the modules on my mobile/tablet?
Yes, the modules are accessible through your mobiles/tablets as these are responsive and adapt to your screen size. However, we recommend using a laptop or a large-screen device for ease of learning and better knowledge retention.

14) Can I download the modules?
No. The modules are only accessible online through the Online Learning Platform.

15) What is the duration of each module?
Each module is 2-3 hours. However, study hours will vary for every individual. You need not complete a module at one go. Module content is auto bookmarked, and you may choose to pick up from where you stopped.

16) How many times can I access the modules?
The modules can be accessed online any number of times over the two years from the date of enrolment.

17) Do I get any learning material printouts/books?
No. However, within modules there are additional reading resources.

18) What is the exam schedule?
The exams are scheduled every quarter (March, June, September, December). The dates for the exam will be published a month in advance. Those wishing to take the exam must make their payments at least 15 days before the exam date. The minimum period to study for the exam is one month – which means the gap between registration for the exam and the exam is one month. All the 22 modules need to be completed before registering for the exam.

19) What is the structure of the exam and how is it conducted?
The exam will have multiple choice questions (MCQs) and multiple response questions (MRQs). The exam will be conducted online. It will be proctored online through your laptop/desktop webcam. The duration is three hours. You have to answer 150 questions.

20) How many times can I attempt the exam?
The exam can be taken any time within the licence period as per the pre-defined schedule. In case the licence period expires, you have to re-register for the programme.

21) What percentage should I get to pass the exam?

22) Will my wrong answers get negative marks?

23) What will be the format for exam scores?
Exam scores will be listed in percentages.

24) How can I renew the certificate?
Candidates are required to obtain six points, i.e., complete six hours of online learning to renew their certification every three years.A renewal fee of Rs 4,000 will be levied for an online refresher course and certificate re-validation.

25) Do I get placement opportunities/support?
NISM and CRISIL do not provide active placement support. However, the course is designed to provide practical insights into various aspects of credit underwriting, which will help you get the desired job. Also, both NISM and CRISIL have been conducting training programmes for organisations in the BFSI space for several years. This provides credence and acceptability to the NCCCU programme.

26) Can I cancel the registration?
No. Once registered, you cannot cancel it.

27) How can I get help with technical issues while accessing the modules online?
Please call us at 02192-668492/93 (Monday to Friday/ 9:30 AM – 5:30 PM) or e-mail us at

28) How will I get the certificate?
The certificate will be emailed to you. You will also get a NCCCU digital badge, which will validate your mastery in credit underwriting


Contact Us

If you have any questions about enroling in our programme, are already registered with us and need support, or if you'd like to enrol your organisation, email us at or call us at  02192-668492/93 (Call Timings: 9:30 AM – 5:30 PM (Mon – Fri)).