New Delhi: Credit rating agency ICRA today tied-up with the State Bank of Hyderabad (SBH) to assign rating to bank loans.

The rating agency will also provide special rates from the potential and existing borrowers of State Bank of Hyderabad for ratings, the rating agency said in a release.

"ICRA will assign ratings to the bank s loans and its other exposures under the standardised approach of RBI's New Capital Adequacy Framework for Basel-II", it said.

The rating will help the bank follow the Basel-II norms with regard to asset classification and provisioning.

ICRA's ratings for the standardised approach would be carried out under its "Line of Credit" rating service and would enable State Bank of Hyderabad to assign the new risk weights applicable to its borrowers under Basel-II, it said.
Source : PTI