Rating agency Icra Monday said it has placed long-term ratings for Rs 4,286.20 crore upper tier II bonds programme and Rs 1,708.80 crore basel II compliant perpetual bonds of IDBI Bank on Rating Watch with Developing Implications (RWD).
"The ratings on the upper tier II bonds and basel II compliant perpetual bonds are placed on RWD due to the deterioration in the capital adequacy ratios, which were below the regulatory levels," Icra said in a release today.
Maintaining the capital ratios above regulatory levels is critical for servicing the banks Basel II debt capital instruments2
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