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SMERA India Completes 18,000 SME Ratings

SMERA has recently completed its 18,000th rating.  SMERA was the first SME rating agency of India founded in 2005 with primary objective to provide Ratings that are comprehensive, transparent and reliable.  This would facilitate greater and easier flow of credit from the banking sector to MSMEs.   SMERA is a joint initiative by SIDBI (www.sidbi.com), Dun & Bradstreet Information Services India ... Read More »

Reserve Bank of India (RBI) has Approved SMERA as an Eligible External Credit Assessment Institution

The RBI has approved SMERA (SME Credit Rating Agency of India Ltd.) as an eligible External Credit Assessment Institution (ECAI) under the Basel norms. The RBI decided that banks may also use the ratings of the SMERA for the purpose of risk weighting their claims for capital adequacy purposes in addition to the existing five domestic credit rating agencies.  The ... Read More »

Observations from the BIIA Forum 2011: Eliminating Asymmetries in Information through SME Ratings

Parag Patki, Managing Director of SMERA offered a different approach.  SMERA was initially set up as a rating agency to provide non-regulatory ratings on SMEs.  In the meantime SMERA is registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.   The initial challenges in setting up SMERA were the reluctance of lenders to provide default data, ... Read More »

India: SMERA Rating Agency Receives SEBI Registration

The SEBI (Securities and Exchange Board of India) registration makes SMERA, the sixth rating agency in India to rate issues related to capital market Mumbai, March 3, 2011: SME Rating Agency of India Ltd., a dedicated rating agency for the MSME sector in India, has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. SMERA ... Read More »