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CARE signs MOU with State Bank of Patiala

This article was posted on Feb 5, 2008 and is filed under Press Releases

Credit Analysis & Research Limited (CARE), has signed Memorandum of Understandings (MOU) with State Bank of Patiala, under which CARE will assign ratings to the Bank loans under RBI’s Basel II framework. As per the MOU, Bank may advise their clients to get their facilities rated by CARE.

CARE has signed similar MOUs with several banks including State Bank of India, State Bank of Mysore, Punjab National Bank, Syndicate Bank, United Bank of India, Bank of Maharashtra, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, UCO Bank, Allahabad Bank, etc.

Sourced From: Pressman India

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