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ICRA reaffirms Karur Vysya Bank’s rating to A1+

03 Dec 2020 Evaluate

Credit rating agency -- ICRA has reaffirmed Karur Vysya Bank’s Certificate of Deposit Programme to A1+. As per ICRA, 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 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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