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S&P places IDBI Bank on credit watch with negative implications

28 Aug 2019 Evaluate

S&P Global Ratings has placed IDBI Bank’s ‘BB’ long-term and ‘B’ short-term foreign currency issuer credit ratings on credit watch with negative implications. This move reflects the uncertainty regarding the bank’s ability to meet its regulatory capital requirement over the next few months.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

Peers
Company Name CMP
HDFC Bank 714.20
ICICI Bank 1360.20
Axis Bank 1269.00
Kotak Mahindra Bank 439.00
Indusind Bank 876.00
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