CARE upgrades rating of IDBI Bank Ltd

CARE has upgraded IDBI Bank Limited's (IDBI) rating from "CARE A+" to "CARE AA-" and revised outlook from "Positive" to "Stable" for Basel III Compliant Tier II Bonds and reaffirmed "CARE A1+" rating for Certificate of Deposits.

Shares of IDBI Bank Limited was last trading in BSE at Rs. 63.92 as compared to the previous close of Rs. 63.31. The total number of shares traded during the day was 832917 in over 2184 trades.

The stock hit an intraday high of Rs. 64.72 and intraday low of 63.50. The net turnover during the day was Rs. 53368776.00.

Source : Equity Bulls

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IDBIBank INE008A01015 RatingUpgrade