Financial services provider, India Infoline has been assigned highest broker grading by leading rating agency Crisil.
The rating, BQ1, reflects the company's effective external interface, robust systems framework and strong risk management system, a press release said here.
The rating also reflects Crisil's opinion on the quality of operations and services provided by the firm, it said. The grading has a validity of one year.
Assigning the grading, Crisil also said that the rated firm has healthy regulatory compliance track record and adequate credit risk profile.
Brokers are graded on a five-point scale ranging from BQ1 to BQ5, with BQ1 being the highest.
India Infoline offers services like equity research, equities and derivatives trading, commodities trading, portfolio management services and mutual funds amongst others.
The company has a network of 976 business locations spread across 365 cities and towns.
