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CRISIL assigns ‘FAAA/Stable' rating to IDFC First Bank’s Fixed Deposit Program

11 Apr 2020 Evaluate

Credit rating agency -- CRISIL has assigned ‘FAAA/Stable' rating to the IDFC First Bank’s Fixed Deposit Program of Rs 50,000 crore. Further, CRISIL has re-affirmed the Credit Rating of the Bank’s existing Tier II Bonds (Under Basel III) of Rs 2,000 crore at ‘AA/Stable’ & its Certificate of Deposits of Rs 45,000 crore at ‘A1+’ respectively.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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