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Vijaya Bank signs a MoU with FITCH

Vijaya Bank signs a MoU with FITCH to provide bank loan ratings

Apnaloan.com Research Bureau

12 Apr 2008

Vijaya Bank signed a memorandum of understanding (MoU) with FITCH Ratings India Pvt Ltd., one of the RBI accredited rating agency, to provide bank loan ratings to its corporate clients at a concessional fee.

As per the MoU, the corporate customers of the bank will be able to have their loan exposures rated by FITCH.

Vijaya Bank is confident that by entering into MoU with the rating agencies, their corporate clients will be encouraged to go for the credit rating, which will be beneficial to the clients in pricing.

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