CRISIL assigns A1+ rating to Indian Bank's proposed Certificate of Deposits of Rs15,000 crore

15 Mar 2022 , 09:50 AM

CRISIL Ratings Limited has assigned Al+ rating to Indian Bank’s proposed Certificate of Deposits of Rs15,000 crore. The credit rating agency has also reaffirmed their rating of AAA with Stable Outlook of Bank’s outstanding/proposed Tier 2 Bonds and AA+ with Stable Outlook of Bank’s outstanding/proposed Additional Tier 1 (AT1) perpetual Bonds.

At around 9.54 am, Indian Bank was trading at Rs152 per piece down by Rs0.4 or 0.26% from its previous closing of Rs152.40 per piece on the BSE.

The scrip opened at Rs152.50 and has touched a high and low of Rs153.80 and Rs150.90 respectively.