ICRA reaffirms rating of IDFC FIRST Bank Limited's NCDs

ICRA Limited has re-affirmed the rating at [ICRA]AA (Stable) (pronounced as ICRA double A) in respect of IDFC FIRST Bank Limited's NCDs for Rs. 32,598.73 crore and [ICRA]A1+ (pronounced as ICRA A one plus) in respect of Bank CDs and has withdrawn the [ICRA]A1+ rating (pronounced ICRA A one plus) assigned to Rs 7000 crore CP Programme and [ICRA]AA (Stable) rating (pronounced ICRA double A) assigned to Rs 6091 crore NCD programme of the Bank as there is no amount outstanding against the said instruments.

Shares of IDFC First Bank Ltd was last trading in BSE at Rs.23.85 as compared to the previous close of Rs. 23.65. The total number of shares traded during the day was 1914678 in over 31071 trades.

The stock hit an intraday high of Rs. 24 and intraday low of 23.2. The net turnover during the day was Rs. 45436782.

Source : Equity Bulls

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