Corporate News     18-Jun-22
Indian Bank receives ratings action from CRISIL
Indian Bank announced that CRISIL has assigned fresh rating of CRISIL A1+ to Bank's proposed additional Certificate of Deposits of Rs.10,000 crore (Total Rs.35,000 crore).

Further, they have also re-affirmed their outstanding rating on Bank's outstanding/ proposed Basel III AT 1 Perpetual Bonds, Basel III Tier 2 Bonds and Certificate of Deposits. The details are as under:

Basel III AT 1 Perpetual Bonds - CRISIL AA+, Outlook: Stable
Basel III Tier 2 Bonds - CRISIL AAA, Outlook: Stable
Certificate of Deposits - CRISIL A1+

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