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CRISIL upgrades IOB's Basel III compliant tier II bonds from 'A+' to 'AA-'

CRISIL, in a statement, said the capital position has been supported by regular fund infusion and expectation of strong support from the majority stakeholder, the government

Topics
Indian Overeas Bank | Reserve Bank of India | Crisil ratings

Abhijit Lele  |  Mumbai 



Indian Overseas Bank, IOB
.Rating agency CRISIL has upgraded Indian Overseas Bank’s (IOB) Basel III compliant tier-II bonds from “A+” to “AA-” on strengthened capital position

Rating agency CRISIL has upgraded Indian Overseas Bank’s (IOB) Basel III compliant tier-II bonds from “A+” to “AA-” on strengthened capital position and steady improvement in the earnings profile.

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First Published: Thu, June 30 2022. 11:03 IST

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