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IDBI Bank informs about informs about credit rating

06 Dec 2023 Evaluate

IDBI Bank has informed that CARE has upgraded bank’s rating from ‘CARE A+’ to ‘CARE AA- ‘ and revised outlook from ‘Positive to ‘Stable’ for Basel III Compliant Tier II Bonds and reaffirmed ‘CARE A1+’ rating for Certificate of Deposits. The detailed report is attached 

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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