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Indian Bank gets revision in credit ratings for Tier II bonds

Capital Market 

From ICRA

Indian Bank announced that ICRA has placed the long term rating on the Rs.500 crore Basel - II Lower Tier - II bonds on "Rating watch with developing implications", after considering the latest developments in the Bank, including the proposed amalgamation of Allahabad Bank into Indian Bank and capital infusion.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 16 2019. 17:44 IST
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