ICICI Bank Ltd.

Credit rating agency, CARE has reaffirmed ‘AAA’ rating to ICICI Bank’s Unsecured Redeemable Bonds worth Rs 5,000 crore, Lower Tier II Bonds worth Rs 21,193 crore, Upper Tier II Bonds worth Rs 14,000 crore, Perpetual Bonds worth Rs 3,700 crore, Unsecured Redeemable Bonds worth Rs 201 crore , Unsecured Redeemable Bonds (erstwhile ICICI ) worth Rs 1,299 crore, Lower Tier II Bonds (erstwhile Bank of Rajasthan) worth Rs 247.9 crore and  Upper Tier II Bonds (erstwhile Bank of Rajasthan) worth Rs 61.1 crore

The rating agency has also reaffirmed ‘A1+’ rating to the company’s Certificate of Deposit worth Rs 50,000 crore.

The ratings factor in IBL’s systemically important institution, significant retail reach supported by widespread branch network, healthy capitalization levels, strong funding profile led by healthy CASA mix as well as improvement in profitability.

ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $122 billion at December 31, 2012. The Bank’s presence currently spans 19 countries, including India.