Date:15/06/2007 URL: http://www.thehindu.com/2007/06/15/stories/2007061502601803.htm

Business - Briefly

Corporation Bank, ICRA sign MoU

MANGALORE: Corporation Bank signed a memorandum of understanding (MoU) with ICRA to utilise the services of each other to promote the cause of the small and medium enterprises (SMEs) sector. The MoU envisages comprehensive and reliable rating services to the SMEs. To boost the SME credit, the bank has adopted a cluster-based approach. The bank is conducting SME meets at various centres along with personnel from rating agencies for disseminating information on benefits of credit rating and other avenues available to SMEs, says a release.