Business Daily from THE HINDU group of publications
Thursday, Feb 28, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Feb 28, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Credit Rating SBT signs MoUs with credit raters Thiruvananthapuram, Feb. 27 State Bank of Travancore (SBT) has signed memoranda of understanding with four credit rating agencies, namely, ICRA, CARE, Fitch and Crisil, to rate bank loans under RBI's new capital adequacy framework.The rating agencies will assign ratings to the bank's loans and its exposure under standardised approach of the Reserve Bank of India's new framework for Basel-II, according to a statement from SBT. The ratings will enable the bank to assign new risk weights, which will be linked to the various rating categories as per RBI's Basel-II guidelines. - Our Bureau More Stories on : Credit Rating | Public Sector Banks
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