IDBI Bank receives ratings action from India Ratings & Research

IDBI Bank announced that India Ratings & Research has assigned IDBI Bank's Certificates of Deposits 'IND A1+' rating and affirmed existing ratings for other debt instruments as under:

Basel III compliant bonds ( Rs 2000 crore) - IND AA-; Stable (affirmed)
Omni infrastructure bonds (Rs 8000 crore) - IND AA-; Stable (affirmed)
Basel III compliant tier II bonds (Rs 3000 crore) - IND AA-; Stable (affirmed)
Fixed deposits - IND AA-; Stable (affirmed)
Senior debt (Rs 3631 crore) - IND AA-; Stable (affirmed)
Certificate of deposits (Rs 16000 crore) - IND A1+ (affirmed)
Certificate of deposits (Rs 19000 crore) - IND A1+ (assigned)

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