Banks not happy with pace of corporate loan ratings

Corporates in general had some reluctance earlier because they were not sure of the benefits they would get. Moreover, for smaller corporates rating was a new concept. We have been doing a lot of seminars, meetings and workshops to familiarise such corporates with the concept of rating and the process involved. Now, most banks have also tied-up with rating agencies and in the second quarter of this fiscal, started working towards creating awareness among their customers, Ms Batra said.