Money & Banking

IndusInd Bank gets rating upgrade

Our Bureau Mumbai | Updated on October 09, 2014 Published on October 09, 2014

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.

Published on October 09, 2014
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