The Accurate Venture

We are financial service provider especially in the credit rating domain. “the accurate venture” today has a dedicated team of experts with specialized knowledge in the credit rating domain. The team consists of professionals with experience from leading banks and rating agencies. We are providing result oriented cost effective solutions for credit rating. We are here for providing service in to every stage of credit rating process. i.e from selection of a right credit rating agency till the receipt of a deserve credit rating. Why there is a need of Credit Rating? Credit rating is a mandatory requirement. The Reserve Bank of India has issued guidelines on capital adequacy for banks, in 2007. The Basel II guidelines, as they are called, require banks to provide capital on the credit exposure as per credit ratings assigned by approved external credit assessment institutions (ECAIs), such as CRISIL, CARE, ICRA, SMERA, Brickworks Ratings and India Ratings. Basel II is a recommendatory framework for banking supervision, issued by the Basel Committee on Banking Supervision in June 2004. The objective of Basel II is to bring about international convergence of capital measurement and standards in the banking system. The revised framework for capital adequacy has been effective from March 31, 2008, for all Indian banks with an operational presence outside India (12 public sector banks and five private sector banks) and for all foreign banks operating in India. It has been applicable to all other commercial banks (except local area banks and regional rural banks) from March 31, 2009.