The Hindu Business Line : ICRA to develop credit risk-rating model for United Bank of India

The move is expected to place the bank's credit risk management framework on a stronger footing, ensuring growth of quality business. The bank launched its credit risk management project in Kolkata on Saturday, a press release issued by UBI said.

UBI hopes to complete the project in seven months. The bank, in 2004-05, recorded a 19.3 per cent increase in business, while its credit portfolio went up by 40.6 per cent from Rs 8,421 crore to Rs 11,839 crore.

During the April-September period, it saw disbursements to large corporates, SMEs and retail/agri segments.

The bank, according to the release, feels that such an expansion is required to be supported by a strong credit management system in line with the revised framework of Basel II.

ICRA, in which global rating agency Moody's has a stake, is represented by a division, ICRA Management Consulting Services.

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