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CARE upgrades IDBI Bank's rating for Basel III Compliant Tier II Bonds

06 Dec 2023 Evaluate

Credit rating agency -- CARE has upgraded IDBI Bank's (IDBI) rating from ‘A+’ to ‘AA-’and revised outlook from ‘Positive’ to ‘Stable’ for Basel III Compliant Tier II Bonds and reaffirmed ‘A1+’ rating for Certificate of Deposits. 

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.


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