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Wednesday, July 10, 2013

Canara Bank buys 10% stake in Brickwork Ratings

Canara Bank has acquired 10 per cent stake in Brickwork Ratings, Bangalore.

Canara Bank and Brickwork have signed the share subscription agreement today. The stake buy enable the entities to collaborate in various activities related to banking and credit rating.

Canara Bank and Brickwork will take up joint activities in risk management, training, research, financial inclusion, credit rating models, events, and conferences.

anil.u@thehindu.co.in

Source: thehindubusinessline

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