IndusInd Bank Ltd, a new age private sector bank has signed a Memorandum of Understanding with CRISIL.
CRISIL is Indias leading ratings, research, risk, and policy advisory company to rate the Banks clients exposures under the standardised approach of Reserve Bank of Indias (RBIs) New Capital Adequacy Framework for Basel-II.
The ratings will assist IndusInd Bank in better calibrating the credit risks on its books, as required under the Basel II guidelines.
The clients of the bank will benefit from credible and widely-accepted credit opinions from Indias most respected rating agency.
K S Sridhar, Chief Risk Officer, IndusInd Bank, said, "We are very happy to enter into this MoU with CRISIL so that our clients who are required to get themselves rated under the Standardised Approach of Basel 2 framework get the best value proposition from a top rating agency like CRISIL."
Mukesh Agarwal, Director of Business Development, CRISIL Ratings added, "This MoU will help us bring more companies under the ambit of credit rating thereby help in developing the Indian credit market."
|
