ICRA upgrades short term rating of IDBI Bank on Certificate of Deposit programme

ICRA has on September 30, 2020 upgraded the short term rating on the Certificate of Deposit programme to [ICRA]A1+ from [ICRA]A1 and has improved the outlook of long term ratings to Stable from Negative while reaffirming IDBI Bank's existing rating of 'ICRA A' for Infrastructure bonds, Flexi Bond, Senior & Basel II Lower Tier II bonds, Subordinate debt; 'ICRA A (Hyb) for Basel III Tier II Bonds; 'ICRA BBB+' for Basel II Upper Tier II bonds, Basel II Tier I bonds and 'MAA-' for Fixed Deposit programme.

Shares of IDBI BANK LTD. was last trading in BSE at Rs.34.75 as compared to the previous close of Rs. 35.4. The total number of shares traded during the day was 71162 in over 573 trades.

The stock hit an intraday high of Rs. 35.5 and intraday low of 34.65. The net turnover during the day was Rs. 2490093.

Source : Equity Bulls

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