Public sector lender Bank of Baroda has signed a memorandum of understanding with rating agency Credit Analysis and Research Ltd (CARE) for the rating of micro, small and medium enterprises (MSMEs) which are either prospective or existing customers of the bank.
“We believe that this MoU is an endorsement of our pursuit to retain and further gain the confidence of the financial services and MSME fraternity. We are committed to support all of Bank of Baroda’s efforts in the MSME sector and assist them through their journey of exponential growth,” CARE MSME head, Mr R. Suryanarayan, said in a statement today.