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Indian Bank gets revision in credit ratings for Tier II bonds

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Capital Market
Last Updated : Sep 16 2019 | 6:04 PM IST

From ICRA

Indian Bank announced that ICRA has placed the long term rating on the Rs.500 crore Basel - II Lower Tier - II bonds on "Rating watch with developing implications", after considering the latest developments in the Bank, including the proposed amalgamation of Allahabad Bank into Indian Bank and capital infusion.

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First Published: Sep 16 2019 | 5:44 PM IST

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