CA SANDESH MAHIPAL (Practicing in GST and MSME ) (1985 Points)
25 May 2012I want to get C/C limit of Rs.40 lakh from SBI.
Is there any such condition that credit rating from CRISIL is manadatory?
I have come to know that this rating is calculated by bank on his own and not by customer?
Please suggest me about the truthfullness of the above facts.
REGARDS
P VEDAVALLI
(MANAGER )
(34 Points)
Replied 27 May 2012
In case of Exposer above 10 Lacs a Bank has to do credit rating of the applicant (Done by bank).
It is not required to be get done from CRISIL.
CAclubindia
