NBFCs and private sector banks have a significant opportunity to scale up their business by Rs. 4.5 lakh Cr. In the mid-corporate and MSME space over the next 2 years

12 June 2018

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"As on date, 11 PSBs have already been placed under PCA, resulting in deceleration in their loan book growth. For these 11 banks, overall loan book has degrown by around 3.3% in 2017-18 on the back of a de-growth of 3.6% in the previous year, primarily due to slowdown in lending to MSMEs and mid-corporates", Acuité Ratings & Research said in note.

Our exciting journey started in 2005 with rating of bank borrowers most of whom were small and medium enterprises. At that time, credit rating was a concept known only to large issuers of capital market instruments. Since then, like a caterpillar transforms itself into a beautiful butterfly, we transformed to rate bonds, bank facilities of large corporates and issuers across industries. Along came many achievements - SEBI Registration in 2011, RBI accreditation in 2012, 50,000 ratings in 2018, 5,000 Bond and Bank Loan Ratings in 2017, launch of India's first Android and iPhone app to disseminate rating, tamper-proof QR-code-enabled rating rationales, and SMERA Terminal to name a few.

Now is the time to re-emphasize our increasing footprint across all segments of ratings through the launch of our new name - 'Acuité'.

The name has changed. The spirit of upholding highest standards of analytical rigour, continuous improvement, excellence in our processes and quest for innovation remains the same. We would like to re-emphasize that we will continue to work hard to provide independent, unbiased and timely opinion of highest standard.

Acuité means 'sharpness and clarity of thought and vision'. Let our research and ratings help you take decisions with confidence.


Sankar Chakraborti
CEO