The Hindu Business Line : SBT signs MoU with Crisil

State Bank of Travancore (SBT) has signed a memorandum of understanding with Crisil for rating of small and medium enterprises. As per the MoU, Crisil will provide rating services to the clients of SBT at a concessional fee. The bank feels that the independent credit rating by Crisil will go a long way in proclaiming the credibility of the enterprise among its suppliers, customers and the general public, according to a statement. The agreement with Crisil is part of the ba nk’s ongoing initiatives to help in the development of the small and medium enterprises and it has won recognition at the national level for excellence in lending to the small sector, the statement said.

— Our Bureau

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