The Hindu Business Line : Allahabad Bank credit rating pact

Allahabad Bank has entered into an MoU with four credit rating agencies, namely, CARE, CRISIL, FITCH and ICRA for rating its domestic corporate and PSU borrowers, says a press release. The signing of the MoU was held on Monday, at the bank's head office in Kolkata. The bank's present capital adequacy ratio is at 13.01 per cent, which is above the stipulated norm of nine per cent, adds the release. - Our Bureau

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