IDBI Bank Limited has informed the Exchange about Credit Rating
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CRISIL has reaffirmed IDBI Bank's credit ratings across instruments: Fixed Deposits at AA+/Stable, Certificate of Deposits at A1+ (Rs 40,000 crore programme), Infrastructure Bonds at AA/Stable (Rs 10,000 crore), and Tier II Bonds (Basel III) at AA/Stable. Ratings on several Lower Tier-II Bonds (Basel II) and Omni Bonds aggregating around Rs 24,200 crore were withdrawn on redemption, reflecting the bank actively reducing legacy debt. The Stable outlook continues to factor in strong support from LIC (49.24%) and Government of India (45.48%) until divestment is completed. The rationale cites improving asset quality (GNPA at 2.9%, NNPA at 0.2% as of June 2025), strong capitalisation (CAR at 25.4%), and Q1 FY26 net profit of Rs 2,007 crore with RoA of 2.0%.
Rating reaffirmation at current levels with Stable outlook is neutral to mildly positive, confirming creditworthiness and signalling continued sovereign support. Redemption of legacy Basel II and Omni Bonds is a positive liability management signal, though sustained loan growth and macro factors remain watchpoints.