ICRA to rate Central Bank's loans under RBI's new capital adequacy framework for Basel-II compliance
17 Mar 2008
Credit rating agency ICRA Ltd has signed an agreement with Central Bank of India to assign ratings to the bank's loans and other exposures under the standardised approach of RBI's new capital adequacy framework for Basel-II.
ICRA's ratings for the standardised approach would be carried out under its 'line of credit' rating service and would enable Central Bank to assign the new risk weights applicable to its borrowers as required by the Basel-II capital adequacy framework.
The risk weights would be linked to the various rating categories and would be as per RBI's guidelines.
To assist potential and existing borrowers in obtaining ratings, ICRA is offering special terms to the clients of Central Bank covered by the memorandum of understanding it has signed with central Bank.
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