Credit Rating
| Instrument | Rating | Rating Agency | Comments |
|---|---|---|---|
| Fixed Deposit Programme | CARE AAA (FD) | CARE Ratings | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk. |
| IND Taaa | India Ratings | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk. | |
| Certificate of Deposits Programme | CARE A1+ | CARE Ratings | Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. |
| IND A1+ | India Ratings | Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. | |
| Long Term Unsecured, Subordinated (Lower Tier 2) Bonds |
CARE AAA | CARE Ratings | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk. |
| IND AAA | India Ratings | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk. | |
| Infrastructure Bonds | CARE AAA | CARE Ratings | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk. |
| CRISIL AAA | CRISIL | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk. | |
| IND AAA | India Ratings | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk. | |
| ICRA AAA | ICRA | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk. | |
| Additional Tier I Bonds (Under Basel III) | CARE AA+ | CARE Ratings | Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
| CRISIL AA+ | CRISIL | Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. | |
| IND AA+ | India Ratings | Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. | |
| Tier II Bonds (Under Basel III) |
CARE AAA | CARE Ratings | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk. |
| CRISIL AAA | CRISIL | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk. | |
| IND AAA | India Ratings | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk. | |
| ICRA AAA | ICRA | Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk. |
Click here for ISIN-wise credit ratings (bonds / debentures)
Corporate Governance Rating
The bank was one of the first four companies, which subjected itself to a Corporate Governance and Value Creation (GVC) rating by the rating agency, The Credit Rating Information Services of India Limited (CRISIL). The rating provides an independent assessment of an entity's current performance and an expectation on its "balanced value creation and corporate governance practices" in future. The bank was assigned a 'CRISIL GVC Level 1' rating in January 2007 which indicates that the bank's capability with respect to wealth creation for all its stakeholders while adopting sound corporate governance practices is the highest.