Press release from Business Wire India
Source: Brickwork Ratings
Wednesday, October 23, 2013 04:20 PM IST (10:50 AM GMT)
Editors: General: Economy; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Major diversified industrial groups; Technology
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Yes Bank and Brickwork Ratings Sign MOU for Promoting Credit Culture in the SME Segment
Bangalore, Karnataka, India, Wednesday, October 23, 2013 -- (Business Wire India) -- YES BANK Limited, India's fourth largest private sector bank, has entered into a Memorandum of Understanding (MoU) with Brickwork Ratings on 11th October 2013 to work together for fostering growth and create knowledge standards in MSME & SME sector. The MoU was signed by Mr. Sanjay Agarwal, Senior President, Business Banking, YES BANK Limited and Mr. D Ravishankar, Founder Director, Brickwork Ratings.
Brickwork Ratings and YES BANK will work jointly towards creating awareness on rating and funding avenues for SMEs by hosting joint seminars/ workshops. YES BANK and Brickwork Ratings will also carry out focused studies in the SME segment.
Speaking on the occasion, Mr Sanjay Agarwal-Senior President, Business Banking said, "Credit evaluation and risk management in SME sector needs a specialized approach as the challenges and risk environment faced by SMEs are different. With focused knowledge banking approach and our segmented expertise, we work closely with our SME clients to help them respond more effectively in the changing economic conditions. YES BANK's association with Brickworks Ratings will further help build a strong knowledge platform and facilitate adequate access to credit for the SMEs."
Credit Rating Agencies (CRA's) play an important role in bridging the information gap about SMEs, providing a common yardstick for measuring credit risks and performing a key surveillance on monitoring function for lenders & investors. Speaking on the occasion, Mr. D. Ravishankar, Founder Director, said "At Brickwork Ratings, we typically take on an additional role in promising the development of MSME segment through education, information dissemination, research activities and credit ratings".
About Brickwork
Brickwork Ratings is a SEBI Registered Credit Rating Agency having rated around Rs. 250,000 crores of debt. Brickwork Ratings is accredited by RBI for carrying out Basel II (Bank Loan Ratings) and empanelled with NSIC for MSME Rating. Brickwork Ratings is a full-fledged Rating Agency carrying out all types of Ratings and Grading services.
About YES BANK
YES BANK, India's fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals' Bank of India with the vision of "Building the Best Quality Bank of the World in India".
To view the photograph, please click on the link given below:
From Left: Mr. D Ravishankar, Founder Director, Brickwork Ratings; Mr Sanjay Agarwal-Senior President-Business Banking, Yes Bank
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/1(14).png
From Left: Mr. D Ravishankar, Founder Director, Brickwork Ratings; Mr Sanjay Agarwal-Senior President-Business Banking, Yes Bank
CONTACT DETAILS
Anitha Girish, Brickwork Ratings, +91 9900268535, media@brickworkratings.com
KEYWORDS
ECONOMY, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, GROUPS, TECHNOLOGY
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