DCB Bank has informed that the Bank has received on January 27, 2016 a letter dated January 22, 2016 from ICRA Limited in respect of Fresh Credit Rating for the Basel III Tier II Bonds Programme of Rs 200 crore, assigning ‘[ICRA] A+ hyb’ (pronounced as ICRA A plus hybrid) rating with Stable outlook, for the proposed programme. The programme under reference shall be subject to all appropriate and applicable approvals.
The above information is a part of company’s filings submitted to BSE.