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CARE inks MoU with SBI

CHENNAI: Credit Analysis and Research Ltd. (CARE), a credit rating agency, has signed a memorandum of understanding (MoU) with State Bank of India (SBI). As per the MoU, SBI may advise its clients to approach CARE for getting their facilities with the bank rated by CARE. All ratings will be carried out after obtaining mandates from the bank’s clients/prospective clients, says a release.

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