27 Sept 2022 , 09:52 AM
ICRA has reviewed other long-term facilities worth Rs30,678.83 crore, and the Certificates of Deposit Programme worth Rs35,000 crore.
IDBI Bank Limited's rating outlook has been revised to reflect the company's sustained improvement in profitability and capitalization. Given the strong provision coverage on non-performing assets (NPA), this trend is anticipated to continue, resulting in a decrease in the net NPA (NNPA) level.
This has also resulted in a satisfactory solvency profile. The recent increase in capital buffers was driven mostly by a stronger profitability profile and modest book growth, said ICRA in its rationale.
Given the stated desire of the Life Insurance Corporation of India (LIC) and the Government of India (GoI) to sell down/divest their participation in the bank, the ratings are based on the bank's standalone credit profile.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.