Central Bank of India signs MoU with ICRACentral Bank of India signs MoU with ICRA; to rate loans and other exposures
Apnaloan.com Research Bureau
18 Mar 2008
Central Bank of India has signed a Memorandum of Understanding (MoU) with ICRA, wherein it will assign ratings to the Central Bank's loans and other exposures.
This is a move under the standardized approach of RBI's New Capital Adequacy Framework for Base-II.
ICRA's rating will be carried out under its 'Line of Credit' rating service and will enable Central Bank to assign the new risk weights applicable to its borrowers under Basel-II.