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ICRA assigns rating to bond programme of Karur Vysya Bank

14 Jan 2019 Evaluate

Credit Rating Agency, ICRA has assigned the rating of A+ hybrid with a Negative outlook for the Rs 1,200.00 crore Basel III compliant tier II bond programme of Karur Vysya Bank. The rating considers the bank’s established franchise in South India, its comfortable capitalization with CET-I of 13.7% as of September 2018 and the adequate liquidity profile.

Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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