The Bank of Rajasthan (BoR) has exposed that it has clinched a memorandum of understanding (MoU) with the credit rating agency ICRA.

According to the sources, the proposed MoU has been inked for the bank's corporate and public sector enterprises exposure.

Under the MoU, the agency (ICRA) will allocate ratings to the bank's corporate and public sector enterprises exposure under the standardised approach of the Reserve Bank of India's new capital adequacy framework (Basel-II).