However, CRISIL believes that the Bank will continue to benefit from strong support from GoI, or LIC if the deal were to fructify. The bank’s asset quality and earnings profile are however, expected to remain under pressure over the medium term. The ratings on the Tier II bonds (under Basel III), Infrastructure bonds, Lower Tier II bonds (under Basel II), Omni bonds and Flexi bonds have been reaffirmed at ‘ A+/Stable’ while the ratings on the fixed deposits programme and the certificate of deposits programme have been reaffirmed at ‘FAA/Stable’ and ‘ A1+’ respectively. The rating on the Tier I Bonds (under Basel III) has been withdrawn as the instruments have been redeemed. The withdrawal is in line with CRISIL’s policy.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
