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IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses.
ICRA has reaffirmed IDBI Bank's long-term debt instruments at `[ICRA]AA` with a Stable outlook, and its certificate of deposit programme at `[ICRA]A1+`. This reflects the bank's improving core operating profitability, strong capitalisation, and continued recoveries from legacy stressed assets. Strong deposit base and manageable credit costs also supported the reaffirmation.
CARE Ratings has reaffirmed IDBI Bank's short-term Certificate of Deposit programme at 'CARE A1+' for ₹35,000 Cr. This rating reflects improved asset quality, strong profitability driven by lower credit costs, comfortable capitalisation, and a focus on retail lending. Healthy CASA deposits also support the decision. Sustenance of financial metrics is...