IDFC First Bank Limited — Credit Ratings, 25-10-2024: Credit Rating- New

IDFC FIRST Bank Limited has received a 'CRISIL AAA/Stable' rating for its ₹1,60,000 crore fixed deposits. Additionally, ratings for ₹8,000 crore Tier-II bonds and ₹45,000 crore Certificates of Deposits were reaffirmed at 'CRISIL AA+/Stable' and 'CRISIL A1+', respectively. The bank has demonstrated significant business growth and stable asset quality, with a strengthened retail asset base and a healthy capital adequacy ratio, indicating robust financial health and operational resilience.