Credit rating agency Icra Ltd and Bank of Rajasthan have signed a memorandum of understanding (MoU) under which Icra will assign ratings to Bank's loans and other exposures under the standardised approach of RBI's new capital adequacy framework (Basel-II).
Icra's ratting for standardise approach would be carried out under its "Line of Credit", rating service and would enable to BOR to assign risk weights under Basel-II norms, says press release issued by the credit rating agency.