Credit Rating of Bank's Deposits and Debt Instruments

The rating factors in the long standing track record of the bank, high level of capitalization aided by the successful GDR issue and internal accruals, strong solvency position, higher profitability and improving risk management systems and technology orientation.

Instrument Rating Rating Agency Comments
Short Term Fixed Deposit Programme CRISIL A1 + CRISIL Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk.
Certificate of Deposits Programme CRISIL A1+ CRISIL Instruments with this rating are considered to have very strong degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk.
Basel III Tier 2 Debt IND AA+ India Ratings Instruments with this rating are considered to have the high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Tier II Bonds (Under Basel III) CARE AA+ CARE Instruments with this rating are considered to have the high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.