Private-sector lender Yes Bank has inked an agreement with the credit rating company Care Ratings, in order to offer services and products in the small and medium enterprise (SME) segment, said Business Line.
Commenting on the alliance, Yes Bank, Senior President-Business Banking, Sanjay Agarwal, said "MSMEs are extremely critical for the Indian economy as they generate significant employment opportunities and export revenue."
Moreover, the partnership will also facilitate awareness on the importance of external ratings for SMEs, and funding avenues through knowledge dissemination workshops, said the media report.
Besides, they will also undertake focused research studies in the SME segment, the bank said in a statement.
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