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CRISIL reaffirms ‘A1+’ rating on Ujjivan Small Finance Bank’s Certificate of Deposits Programme

02 Mar 2020 Evaluate

The credit rating agency, CRISIL has reaffirmed its ‘A1+’ rating on Ujjivan Small Finance Bank’s Certificate of Deposits Programme which reduced from Rs 4000 crore to Rs 2500 crore. 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.

Ujjivan Small Finance Bank (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.

Peers
Company Name CMP
HDFC Bank 787.00
ICICI Bank 1569.00
Axis Bank 1320.00
Kotak Mahindra Bank 480.00
Indusind Bank 910.00
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