Announced Thu, 25 Jun · 17:44 IST
RBL Bank long-term rating upgraded to AAA by ICRA
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹373.65
prior close
₹371.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.1-1.0-1.4-1.2-3.2-5.0-3.8-1.3-3.7-1.3———
Up moveDown movePending
AI summary
ICRA upgraded RBL Bank's long-term ratings to AAA from AA- on Basel III Tier II bonds worth Rs. 70 crore and Fixed Deposits, with Stable outlook. Short-term ratings on certificates of deposit worth Rs. 10,000 crore reaffirmed at A1+. Upgrade driven by Emirates NBD acquiring a 60% stake via a Rs. 26,016 crore capital infusion, boosting pro forma CET1 ratio to about 34% from 12.77%.
Likely market impact
Positive for shareholders - signals stronger financial profile, expected lower funding costs, and enhanced credibility after Emirates NBD takeover.