CRISIL Upgrades AU Bank's Long Term Debt Instruments Rating to AA- With Stable Outlook

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Commenting over the announcement, Mr. Sanjay Agarwal, MD & CEO, AU Bank, said, "This upgrade has once again reaffirmed the strengths of our banking franchise, portfolio quality and capital position. In the present market conditions, this upgrade is quite reassuring. It strongly compliments our vintage, distribution and pedigree. It will significantly help us build one of the most trusted, customer focused, retail bank from India in the long term and create value for all stakeholders."
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