Mumbai: Dhanalakshmi Bank on Wednesday said it has
tied-up with rating agency Crisil to rate its over 500 small
and medium enterprise (SME) customers, which would help its
lending process.
"The Dhanalakshmi, Crisil tie-up is a part of the
renewed focus of Dhanalakshmi Bank on the SME sector," the
bank's General Manager, Credit and Operations, P G Jayakumar,
said in a release issued here.
"Independent rating by a renowned agency will provide the
bank an enhanced analysis of the SMEs under its portfolio,
which will further strengthen the bank's internal rating
process," he added.
The Crisil SSI/SME rating is widely recognised by the
industry and is also accepted by most regulatory authorities.
"The exercise will also help the bank in establishing a
defined correlation with its internal credit process and
benchmark its portfolio against other banks," it said.
As part of the rating exercise, Dhanalakshmi Bank's
solution managers will educate their SME clientele on the
benefits of the rating and will encourage them to obtain a
time-bound rating.
Bureau Report
First Published: Wednesday, November 18, 2009, 18:47