Ind-Ra assigns IND A rating to CSB Bank Ltd's bonds programme

India Ratings & Research (Ind-Ra), vide letter dated August 19, 2021 has assigned a rating 'IND A' with Outlook Stable, to the proposed Rs. 500 Crore, Basel III compliant Tier II bonds issue Programme of the Bank.

As per India Ratings & Research ratings schedule, the instruments with rating symbol of 'IND A' with Outlook 'Stable' are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Shares of CSB Bank Limited was last trading in BSE at Rs. 314 as compared to the previous close of Rs. 317.4. The total number of shares traded during the day was 12743 in over 818 trades.

The stock hit an intraday high of Rs. 319.95 and intraday low of 312.85. The net turnover during the day was Rs. 4034073.

Source : Equity Bulls

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