The Hindu Business Line : Vijaya Bank signs MoU with Crisil

Bangalore, March 14 Vijaya Bank today signed a memorandum of understanding with credit rating agency, Crisil, for rating its corporate customers. A bank release said here corporate customers would now be able to have their loan exposures rated by Crisil at a concessional fee.

The release said that the rating would be mutually beneficial to both bank and the customers, after migration to the Basel II regime.

Vijaya Bank is expected to become Basel II compliant from September. Well rated borrowers would be in a position to borrow at lower rates.

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