Credit rating agency, CRISIL has revised ratings assigned to various debt instruments issued by the Dena Bank. The rating of lower tier II bonds (basel II & basel III compliant) has been revised from AA+/Negative to AA-/Negative, for upper tier II bonds (basel II compliant), it has been revised from AA+/Negative to AA-/Negative. Rating for innovative perpetual debt instruments (basel II compliant) has been revised from AA/Negative to A+/Negative, for tier I perpetual bonds (basel III compliant), it has been revised from AA-/Negative to A-/Negative, and rating of certificate of deposits has been reaffirmed to A1+.
Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.
