Rating agency Icra has downgraded rating for IDBI Bank's various bonds from "AA" to "AA-" on the back of substantially weak operating and financial performance in the third quarter (Q) of the financial year (FY) 2016-17. The adverse performance in October-December 2016 quarter led to significant erosion in public sector lender's common equity tier I capital (CET-I).
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First Published: Sat, February 25 2017. 00:20 IST