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CARE re-affirms ratings of Dhanlaxmi bank’s bonds

05 Jan 2019 Evaluate

Credit Rating Agency, CARE has re-affirmed credit rating of Dhanlaxmi bank’s unsecured, non-convertible, redeemable bonds. The agency has reaffirmed ‘BB+; stable’ rating to the bank’s Lower Tier II bonds worth Rs 172.90 crore and ‘BB; stable’ rating to bank’s Upper Tier II bonds worth Rs 27.50.

Dhanlaxmi Bank is engaged in providing a range of banking and financial services. The company's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

Peers
Company Name CMP
HDFC Bank 727.25
ICICI Bank 1394.90
Axis Bank 1284.35
Kotak Mahindra Bank 447.50
Indusind Bank 877.90
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