CRISIL downgrades rating of IDBI Bank’s Upper Tier II bonds
Credit rating agency, CRISIL has downgraded the rating on the Upper Tier II bonds (under Basel II) and Tier I Perpetual bonds (under Basel II) of IDBI Bank to ‘A-‘from ‘A’ and placed the ratings on Rating Watch with Developing Implications because of the weak capital ratios of the bank, which impedes its ability to … Read more