Credit rating agency, CRISIL has assigned its ‘AA-/Stable’ rating to the Rs 2500 crore additional Tier I bond issue (under Basel III) of IDBI Bank. The rating agency has also reaffirmed its ratings on the bank's existing debt instruments at ‘AA+/AA/FAAA/Stable/A1+’.
IDBI Bank will continue to receive strong support from Government of India (GOI) and will maintain its current scale of operations and market position, over the medium term.
IDBI Bank is new generation public sector universal bank that rides on a cutting edge Core Banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 1,217 branches and 2,101 ATMs.
