Crisil, D&B to conduct due diligence for Dena Bank's MSME borrowers
23 Apr 2012
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Dena Bank has signed a memorandum of understanding with Dun & Bradstreet Information Services India Pvt. Ltd.for conducting due diligence of its micro, small and mini enterprise (MSME) borrowers.
The MoU was signed by M K Sharma, general manager, Dena Bank and Mrinal Singh, deputy head, RMS, D&B Information Services India Pvt. Ltd in Mumbai.
Earlier last week thee bank had signed an MoU with Crisil for carrying out due diligence of its MSME borrowers.
In a statement, the bank said it had embarked on lending to MSME in a big way and Crisil would check the background related to creditworthiness, dependability and capability of prospective customers.
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