Credit rating agency, ICRA has assigned ‘AA- (Hyb)’ rating to Rs 2,000 crore Additional Tier I Bonds Programme of IDBI Bank. The rating agency has also assigned ‘AA+’ rating to Rs 1,000 crore infrastructure bonds programme of the bank. The outlook on the ratings is negative.
ICRA also has outstanding ratings of ‘MAA+’ on the Fixed Deposits programme and the rating of ‘A1+’ on the Rs 35,000 crore certificates of deposit Programme of the bank.
IDBI Bank is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India.
