CRISIL updates on ratings of Indian Bank

CRISIL Ratings Limited vide their letter dated 14.03.2022 have assigned Al+ rating to Indian Bank's proposed Certificate of Deposits of Rs.15,000 crore.

Further, they have also re-affirmed their rating of AAA with Stable Outlook of Bank's outstanding / proposed Tier 2 Bonds and AA+ with Stable Outlook of Bank's outstanding / proposed Additional Tier 1 (AT1) perpetual Bonds.

Shares of Indian Bank was last trading in BSE at Rs. 152.40 as compared to the previous close of Rs. 148.45. The total number of shares traded during the day was 191812 in over 2941 trades.

The stock hit an intraday high of Rs. 153.85 and intraday low of 147.40. The net turnover during the day was Rs. 29053891.00.

Source : Equity Bulls

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IndianBank INE562A01011 RatingUpdate