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CARE Ratings has revised the rating assigned to IndusInd Bank’s ₹450-crore lower tier-II bonds to ‘AA+’ from ‘AA’.
“The rating revision factors in IndusInd Bank’s consistently good performance in terms of profitability, asset quality and capitalisation levels.
The rating further factors in an experienced management and improving current account, savings account proportion over the years,” the rating agency said in a statement.
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