Corporate News     07-Oct-23
Indian Overseas Bank receives revision in credit ratings
From CARE
Indian Overseas Bank has received revision in credit ratings from CARE as under:

Tier II bonds (Basel III) Rs 665 crore - CARE AA-; Positive (Outlook revised from Stable)

Tier II bonds (Basel III) Rs 1000 crore - CARE AA-; Positive (Outlook revised from Stable)

Certificate of deposit Rs 10000 crore - CARE A1+ (reaffirmed)

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