The credit rating agency has taken a consolidated view of ERL and its subsidiaries while arriving at the rating.
Financials stocks were trading in red, with the S&P BSE Finance index decreasing 27.76 points or 0.33% at 8453.89 at 13:51 IST.
Banking stocks were trading in the negative zone, with the S&P BSE BANKEX index falling 61.47 points or 0.14% at 44006.06 at 13:51 IST.
GHG Reduction Technologies is an associate company of EKI Energy Services
The total deposits of the bank stood at Rs68,676 crore as of March 31, 2022, and the total advances at Rs58,086 crore.
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