Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2013-12-26

ICRA signs MoU with PNB to rate SSI, SME borrowers

Credit rating agency ICRA has signed a memorandum of understanding (MoU) with Punjab National Bank to assign ratings to banks\\\' small enterprises, small scale industries and small and medium enterprises borrowers.

Credit rating agency ICRA has signed a memorandum of understanding (MoU) with Punjab National Bank to assign ratings to banks' small enterprises, small scale industries and small and medium enterprises borrowers. 
 

As per a release issued by the agency, “For PNB, the ratings would serve as an objective and scientific input in decision making, and provide assistance in risk pricing, besides acting as an input in the setting of collateral requirements for borrowers, and facilitating future deals involving collateralised bond and loan obligations (CBOs and CLOs).”
 

It further said that PNB borrowers would be able to obtain ICRA ratings at a relatively low cost. 
 

The rating may also place the rated entity in a superior position to possibly obtain competitive credit terms from PNB and the benefit of faster loan processing, the release said.

 

Related opportunities
  • Financial Investment & Trading
    About:Basan Equity Broking Ltd , Basan Commodity Broking Ltd and..
    Locations looking for expansion Telangana
    Establishment year 2007
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Bakery & Confectionary
    Become a part of India’s largest Bakery & Confectionary Chain..
    Locations looking for expansion Tamil Nadu
    Establishment year 1994
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 150 - 250 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Fashion accessories - women
    About:Malaysia's Leading Chain of Fashion  & Lifestyle concept stores.The company..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 8000 - 1500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Build your own Successful business!!! Welcome to the Waays &..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 50 K - 2lac
    Space required 200 sq.ft and above
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities