The ratings on the Tier II bonds (under Basel III), Infrastructure bonds, Lower Tier II bonds (under Basel II), Omni bonds and Flexi bonds have been reaffirmed at ''CRISIL A+/Stable'' while the ratings on the fixed deposits programme and the certificate of deposits programme have been reaffirmed at ''FAA/Stable'' and ''CRISIL A1+'' respectively.
The rationale for revision in ratings is due to infusion by LIC of Rs. 14,500 crore (Tranche 1) of capital through a preferential issue in IDBI Bank, significantly improving its current capital ratios.
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