lndian Overseas Bank has informed that credit rating agency, India Ratings has assigned its rating of ‘IND AA- / Negative' for the proposed issue of Rs 800 crore Basel lll Tier ll Bonds. The rating is driven by the support the Bank receives from Government of India. The above is pursuant to Regulation 30 and 84 of the SEBI (LODR) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.