The Indian Credit Rating Agency says that the risk management and the desire to scale up business volume are the key factors to rate Ratnakar Bank, in the future. Recently, the CRA affirmed the A1+ rating to the Ratnakar Bank, a Kolhapur based money lender, for the certificates of deposit plan, which is 1000 crore Rupees. In addition, the credit rating agency assigned an MAA rating, for the sustained outlook for the FD program. Very recently, the Ratnakar Bank has signed an agreement with the Royal Bank of Stoctland and the bank is to take over some of the portfolios as well businesses of the bank’s Indian branches. In recent years, the Ratnakar bank is able to maintain its asset quality.
The banking is seriously working to reduce the slippage and to recover the sanctioned loans on time and to improve its balance sheet growth. Right now, the bank is performing well and looking for further development, according to the Indian Credit Rating Agency. At present, the Non Performing Asset of the bank has fallen to .1%.