CRISIL updates on ratings of DCB Bank Limited

DCB Bank Limited has received a letter No.DEVCRED / 261064 / TIIBUBIII / 122003366 dated December 28, 2020, from CRISIL Limited, reaffirming its Credit Rating "CRISIL AA-/Stable" for the Basel III Complaint Tier II Bonds Programme of Rs.150 crore.

CRISL Limited vide its letter No.DEVCRED / 261064 / STFD / 122003362 dated December 28, 2020 has also reaffirmed "CRISIL A1+" rating on the Short-Term Fixed Deposit Programme of the Bank.

CRISIL Limited vide its letter No.DEVCRED / 261064 / CD / 122003364 dated December 28, 2020 has also reaffirmed "CRISIL A1+" rating on Rs.1,200 Crore Certificates of Deposit Programme of the Bank.

CRISIL Limited vide its letter No.DEVCRED / 261064 / BLR / 122003368 dated December 28, 2020 has also reaffirmed "CRISIL A1+ (Assigned)" rating on Rs.350 Crore (enhanced from Rs.300 crores) on Short Term Bank Facilities.

Shares of DCB Bank Limited was last trading in BSE at Rs.119.9 as compared to the previous close of Rs. 115.45. The total number of shares traded during the day was 68312 in over 792 trades.

The stock hit an intraday high of Rs. 119.9 and intraday low of 116.1. The net turnover during the day was Rs. 8065036.

Source : Equity Bulls

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