State Bank Of Travancore Inks Mou With Crisil

Thiruvananthapuram: State Bank of Travancore (SBT) has inked a memorandum of understanding with Crisil for rating of small and medium enterprises. As per the MoU, Crisil will give rating services to the clients of SBT at a concessional fee. The bank senses that the independent credit rating by Crisil will go a long way in proclaiming the credibility of the enterprise among its suppliers, customers and the general public. The pact with Crisil is part of the bank''s ongoing plans to assist in the development of the small and medium enterprises and it has won recognition at the national level for excellence in lending to the small sector.