Financial Daily from THE HINDU group of publications
Saturday, Mar 15, 2003
Financial Daily from THE HINDU group of publications Saturday, Mar 15, 2003 |
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Money & Banking
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Corporate Bonds IDBI Bank bonds issue gets `A+' Our Bureau
MUMBAI: Crisil has assigned `A+' rating to IDBI Bank Ltd's Rs 45-crore tier II bonds issue. The rating reflected the bank's evolving business profile and focus on retail banking apart from the scaling up of infrastructure and high growth in retail assets, a release said. "IDBI Bank has demonstrated a steady improvement in its asset quality... The bank's ability to manage its high balance sheet growth while maintaining good asset quality will be a key determinant of its risk profile, going forward," the release said.
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