India Ratings and Research (Ind-Ra) has revised its rating for Non-convertible debentures ('NCDs') from IND AAA/RWN to IND AA+/Stable. This revision reflects Ind-Ra's expectation that IDFC Bank would take longer than expected in building up a granular liability profile and the bank's modest profitability buffers compared to similarly rated peers', which could remain subdued in the medium term.
However, please note ICRA had earlier reaffirmed the rating of [ICRA]AAA for the NCDs.
Shares of IDFC Bank Ltd was last trading in BSE at Rs.38.85 as compared to the previous close of Rs. 38.9. The total number of shares traded during the day was 320079 in over 957 trades.
The stock hit an intraday high of Rs. 39.35 and intraday low of 38.65. The net turnover during the day was Rs. 12503870.