Karur Vysya Bank, SME Rating Agency tie up

Karur Vysya Bank (KVB) has signed a memorandum of understanding (MoU) with SME Rating Agency of India Ltd (Smera). The MoU proposes co-operation between the two institutions in the area of SME financing by leveraging the strengths of both the organisations.

Smera will provide external credit rating by taking into account the financial position and qualitative factors that have a bearing on the credit worthiness of the SME.