ICRA reaffirms ratings of DCB Bank Ltd

ICRA Limited (ICRA) has reaffirmed various ratings of DCB Bank Limited as under:

- reaffirmed its Credit Rating "[ICRA] A+(Stable)" for the Basel III Complaint Tier II Bonds Programme of ₹ 313.40 crore (inclusive of ₹ 300 crore issued to date).

- reaffirmed "[ICRA] A1+" rating on the Short-Term Fixed Deposit Programme of the Bank.

Further, ICRA has reaffirmed and withdrawn rating of [ICRA] A+(Stable) on bonds amounting to Rs,236.60 crore, on which the Bank has exercised call option and redeemed the rated amounts on December 27, 2021.

Shares of DCB Bank Limited was last trading in BSE at Rs. 78.20 as compared to the previous close of Rs. 79.95. The total number of shares traded during the day was 37971 in over 454 trades.

The stock hit an intraday high of Rs. 81.00 and intraday low of 78.05. The net turnover during the day was Rs. 2992078.00.

Source : Equity Bulls

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DCBBank INE503A01015 RatingUpdate Reaffirmed