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.