Business Daily from THE HINDU group of publications
Friday, Oct 17, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Oct 17, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Credit Rating Karnataka Bank in pact with ICRA Mangalore, Oct. 16 Karnataka Bank Ltd has entered into a memorandum of understanding with the rating agency ICRA Ltd under which ICRA will assign rating to the bank’s loans and other exposures under the Reserve Bank of India’s new capital adequacy framework for Basel II. Under this arrangement, ICRA will rate credit clients of the bank for the standardised approach. A bank release said here this will enable it to assign risk weights to its borrowers linked to various rating categ ories as envisaged in RBI’s Basel II guidelines. Mr P. Jayarama Bhat, Chief General Manager of the bank, and Mr Jayanta Chatterjee, Senior Vice-President and Regional Head (South) of ICRA, signed the MoU. — Our Bureau More Stories on : Credit Rating | Private Banks | Credit Market
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