Karnataka Bank enters in tie up with ICRA

Mangalore-headquartered Karnataka Bank Ltd, has linked up with the credit rating agency ICRA Limited.

Under the Memorandum of Understanding (MoU), ICRA will assign rating to the bank’s loans and other exposures under the Reserve Bank of India’s New Capital Adequacy Frame work for Basel II.

Also, ICRA will offer rating services to the customers of the bank, especially small and medium enterprises, for the standardised approach.

ICRA’s unit acquires Kolkata-based Axiom Technologies

Software developer ICRA has informed that its wholly-owned subsidiary ICRA Techno Analytics (ICTEAS) has acquired Axiom Technologies Private Limited (Axiom), for an undisclosed amount.

Kolkata-based Axiom specializes in customization and implementation of popular Enterprise Resource Planning (ERP) packages, and has a highly experienced team that has been working on ERP implementation for the past 10 years.

ICRA signs MoU with Central Bank for assigning ratings

Credit rating agency, ICRA Ltd has announced that it has signed a Memorandum of Understanding (MoU) with Central Bank of India.
Under the MoU, ICRA will assign ratings to the Bank's loans and its other exposures under the standardized approach of RBI's New Capital Adequacy Framework for Basel-II.