MUMBAI: Credit Analysis & Research has signed a memorandum of understanding with State Bank of Bikaner and Jaipur, under which the bank may advise clients to get their facilities rated under Basel II framework. The ratings will be carried out after obtaining mandates from the bank’s clients / prospective clients, at a special discounted rate.
The Basel II framework stipulates a system of graded risk weights for capital adequacy determination of banks. CARE has been recognised as an eligible rating agency for this purpose by Reserve Bank of India. CARE has entered into similar MoUs with few other banks including State Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank, Allahabad Bank.
State Bank of Bikaner and Jaipur is an associate bank of State Bank of India, and had an asset base of Rs 34,507 crore as on March 31, 2007.
The Basel II framework stipulates a system of graded risk weights for capital adequacy determination of banks. CARE has been recognised as an eligible rating agency for this purpose by Reserve Bank of India. CARE has entered into similar MoUs with few other banks including State Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank, Allahabad Bank.
State Bank of Bikaner and Jaipur is an associate bank of State Bank of India, and had an asset base of Rs 34,507 crore as on March 31, 2007.
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