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ICRA reaffirms rating for Karur Vysya Bank's Certificates of Deposit programme

22 Aug 2019 Evaluate

Rating agency, ICRA has reaffirmed ‘A1+’ credit rating for Karur Vysya Bank's Certificates of Deposit programme. The instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

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 717.95
ICICI Bank 1355.10
Axis Bank 1231.25
Kotak Mahindra Bank 414.30
Indusind Bank 962.75
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