Credit rating agency, CARE has reaffirmed the assigned rating of 'A+' for the captioned instrument of Karnataka Bank. The instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and such instruments carry low credit risk.
Besides, ICRA has revised the rating to ‘A’ from ‘A+’ for the captioned instrument. The rating carries a stable outlook.
Karnataka Bank has a national presence with a network of 463 branches across 19 states and 2 Union Territories.
