Financial Daily from THE HINDU group of publications
Thursday, Jan 26, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Money & Banking - Credit Rating


Corporation Bank signs pact for SME rating

Our Bureau

Mangalore , Jan. 25

CORPORATION Bank and SMERA (SME Rating Agency of India Ltd) have signed a memorandum of understanding (MoU) to assign rating to SME clients of the bank.

A bank release said here on Wednesday that the customers of the bank could get a SMERA rating at a low cost. They can use this rating to build credibility with the bank, and also with their customers, suppliers and collaborators.

Rated SMEs will find it easier to obtain funds from the bank at appropriate terms. The rating report prepared by SMERA can be used as a self-improvement tool, the release said. The rating will be an additional input to objectively and scientifically make lending decisions, and determine terms such as interest rates, margin and collateral requirements for SSI borrowers, the release added.

More Stories on : Credit Rating

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
FPSB plans to certify 50,000 financial planners


Rupee gains; call rates cross 8 pc
Indian Bank ties up with PNB Principal companies — Q3 net rises 65 pc to Rs 123 cr
IOB net up 22 pc in Q3 on rise in advances, deposits
NBFC licence cancelled
Muthoot Fin's new schemes
ICICI PruLife premium up 76 pc at Rs 588 cr
Corporation Bank signs pact for SME rating
Foreign, pvt banks staff can now blow the whistle — RBI issues norms for `Protected Disclosure Scheme'
Banks allowed to raise capital through innovative instruments
Federal Bank in tie-up with Kotak Mahindra MF
CSB scheme for students
Pref. shares may change banking landscape
PNB signs pact with SIDBI
Finmart helps Dena Bank grow retail portfolio
RBI cancels T-bill auction



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line