Canara Bank Invests in Brickwork Ratingss

Canara Bank has invested in Brickwork Ratings, a Bengaluru based Credit Rating Agency. Canara Bank has picked up ten percent stake in Brickwork Ratings.

Vijaya Bank gets ISO Certification

N. Lakshmipathi, head, British Standards Institute, Bangalore, and Vivek Kulkarni, Managing Director, Brickworks Ratings India, giving away ISO 27001 certification to H.S.Upendra Kamath, Chairman and Managing Director of VijayaBank, and K.R. Shenoy, Executive Director.

RBI accords Brickwork ECAI status

The RBI has approved Brickwork Ratings as an eligible credit rating agency for bank loans f facilities. The RBI has accorded Brickwork the ECAI (External Credit Assessment Institution) status under Basel norms. Brickwork Ratings has been registered with the SEBI as a CRA since 2008. Brickwork Ratings has been recognised by the National Small Industries Corporation under the Ministry of MSME, to rate the MSMEs.


RBI Allows Brickwork to Assign Credit Risk Ratings

RBI has allowed Brickwork Ratings India Pvt Ltd to assign credit risk ratings to bank loans for the purpose of banks' risk weight based capital adequacy calculations under Basel 2 rules. CARE, CRISIL, FITCH India and ICRA are already allowed to do so.

Credit-rating agencies - Letters from India

India’s ratings agencies are thriving—without a CDO in sight

Vivek Kulkarni of Brickwork, a newish agency, says it may offer quality ratings for hospitals.

Puravankara to raise Rs.150 cr via NCD

Puravankara Projects Ltd will raise Rs. 150 crore by selling non-convertible bonds to build a housing project in Bangalore and repay debt. Puravankara expects to pay 17% interest rate to investors, it said.

How the SMEs Were Ranked

The third edition of Business Today-YES Bank SME Survey & Awards 2011 received an overwhelming response, with over 2,80,000 SMEs sending in their entries. The survey was carried out from May to November 2011, and applicants were judged in three phases.