Credit rating agency, CARE has reaffirmed ‘AAA’ rating to State Bank of Bikaner and Jaipur’s Upper Tier II Bonds worth Rs 450.00 crore and Perpetual Bonds worth Rs 200.00 crore.
The rating agency has also reaffirmed ‘A1+’ rating to bank’s Certificate of Deposit programme worth Rs12000.00 crore which enhanced from Rs 9000.00 crore.
The bank has received the said rating on the back of its healthy capitalization levels, improved profitability margins, strong Current Account and Savings Account (CASA) deposits and moderate asset quality.
The bank's main area of operation is in the state of Rajasthan, with presence at all important centers in the country. The bank has 860 branches spread over the country. On the technology front, the bank migrated all branches to Core Banking Solution (CBS) and became among the first few banks in India to offer online banking facility across the country.
Company Name | CMP |
---|---|
SBI | 821.30 |
Bank Of Baroda | 262.50 |
PNB | 126.15 |
Canara Bank | 114.50 |
Union Bank Of India | 141.15 |
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