ICRA and State Bank of India (SBI) have signed a MoU under which the company will assign ratings to the bank’s loans and its other exposures under the standardized approach of RBI’s new capital adequacy framework for Basel-II.
To assist potential and existing borrowers of SBI in obtaining ratings, ICRA is offering special terms to the clients of SBI covered by the MoU.
The MoU between ICRA and SBI seeks to deliver a number of benefits to the SBI as well its clients. For SBI, ICRA’s line of credit ratings would assist in implementing RBI’s new capital adequacy framework under Basel-II.