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CARE reaffirms Dhanlaxmi Bank’s lower tier bonds rating

29 Dec 2020 Evaluate

Credit rating agency -- CARE has reaffirmed Dhanlaxmi Bank’s Lower Tier - II Bonds at ‘BB+’; Stable. Further, the Bank has repaid the Upper Tier-II Bond issue in full and there is no outstanding under the said issue as on date. Taking cognizance of this, CARE has withdrawn the rating of Upper Tier -II Bonds with immediate effect.

Dhanlaxmi Bank is engaged in providing a range of banking and financial services. The company's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

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