CRISIL updates on rating of Indian Bank

CRISIL Ratings Limited vide their letter dated 30.03.2022 have assigned fresh rating of CRISIL A1+ to Bank's proposed additional Certificate of Deposits of Rs.10,000 crore (Total Rs.25,000 crore).

Further, they have also re-affirmed their outstanding rating on Bank's outstanding/ proposed Basel III AT 1 Perpetual Bonds, Basel ill Tier 2 Bonds and Certificate of Deposits.

Shares of Indian Bank was last trading in BSE at Rs. 152.75 as compared to the previous close of Rs. 147.70. The total number of shares traded during the day was 102664 in over 1922 trades.

The stock hit an intraday high of Rs. 154.70 and intraday low of 148.80. The net turnover during the day was Rs. 15548051.00.

Source : Equity Bulls

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IndianBank INE562A01011 RatingUpdate