Credit Analysis & Research (CARE) and United Bank of India havesigned an MoU for facilitating bank facility ratings to borrowers.The customers of United Bank will benefit from the rating exercise at aspecial rate.The rating would help the bank have an objective and independentassessment of the credit quality of its borrowers.Basel-II framework stipulates a system of graded risk weights forcapital adequacy determination of banks in line with credit ratings awardedby eligible credit rating agencies in India under the standardisedapproach.CARE is recognised as an eligible rating agency for this purpose by the Reserve Bank of India.
