DATAPRO affirms Nova Merchant Bank’s Long-Term and short Term Issuer Ratings of ‘A+’ and ‘A1’; Stable Outlook

DATAPRO affirms Nova Merchant Bank’s Long-Term and short Term Issuer Ratings of ‘A+’ and ‘A1’; Stable Outlook: Reacting to the ratings, the Managing Director/CEO, Nova Merchant Bank Limited, Nath Ude, said, “DataPro’s affirmations of NOVA’s Long-Term and Short-Term ratings and stable outlook, are confirmation of the bank’s sound governance, strong risk management and good asset quality. Notably, the ratings highlight the strong productive capacity of the Bank driven by sustainable growth.