Indian Bank receives revision in credit ratings from CRISIL

Indian Bank has received revision in credit ratings from CRISIL as under -

Basel III Tier 2 Bonds - Tranche A (Rs 600 crore) - AAA/ Negative
Basel III Tier 2 Bonds - Tranche B (Rs 290 crore) - AAA/ Negative
Basel III Tier 2 Bonds - Tranche C (Rs 110 crore) - AAA/ Negative
Basel III Tier 2 Bonds - Tranche D (Rs 600 crore) - AAA/ Negative
Basel III compliant AT 1 Bonds - Tranche A (Rs 500 crore) - AA/Negative

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