Date:27/04/2005 URL: http://www.thehindubusinessline.com/2005/04/27/stories/2005042701050600.htm

Back Andhra Bank gets CGR2 rating

Our Bureau

Hyderabad , April 26

ANDHRA Bank has informed the stock exchanges that ICRA has assigned a `CGR2' rating to the corporate governance practices of the bank.

This rating implies that in ICRA's current opinion, the rated company has adopted and follows such practices, conventions and codes as would provide its financial stakeholders a high level of assurance on the quality of corporate governance, the bank said.