The Bank has received on November 15, 2017 a letter dated November 14, 2017 from ICRA Limited in respect of Fresh Credit Rating for the Basel III Tier II Bonds Programme of Rs.150 crore, assigning '[ICRA] A+ (hyb)(stable)' (pronounced as ICRA A plus hybrid with a stable outlook) rating with Stable outlook, for the proposed programme. <BR> <BR> The ICRA Limited vide letter dated November 15, 2017 has also revalidated its rating '[ICRA] A+ hyb (pronounced as ICRA A plus hybrid)' for Bond Programme of Rs.400 crore.<BR>
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