DCB Bank receives affirmation in credit ratings from ICRA

DCB Bank has received reaffirmation in credit ratings from ICRA as under -

Basel III Complaint Tier II Bonds Programme (Rs 313.40 crore) - ICRA A+; Stable

Short-Term Fixed Deposit Programme - ICRA A1+

Further, ICRA has reaffirmed and withdrawn rating of ICRA A+; Stable on bonds amounting to Rs 236.60 crore, on which the Bank has exercised call option and redeemed the rated amounts on 27 December 2021.

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