ICRA signs MoU with state Bank of Travancore

New Delhi, Feb 26 (UNI) Credit rating agency ICRA Ltd (ICRA) today said it has signed a Memorandum of Understanding (MoU) with State Bank of Travancore to assign ratings to the bank's loans and its other products.

The ratings will be assigned under the standardized approach of RBI's New Capital Adequacy Framework for Basel-II. These ratings will be carried out under its 'Line of Credit' rating service and will enable the Bank to assign the new risk weights applicable to its borrowers under Basel-II.

The risk weights will be linked to the various rating categories.

To assist potential and existing borrowers of the bank in obtaining ratings, ICRA is offering special terms to the clients of State Bank of Travancore.

UNI PDT BJR KP1907