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CSB Bank Limited — Capital/Financing Update 2020
Apr 9, 2020
61968_rns_2020-04-09_75a1a227-8532-4f26-80a1-e9cbdb387216.pdf
Capital/Financing Update
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B&S/ 04 /2020 April 09, 2020
BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange plaza, 5[th] floor, Dalal Street, Bandra-kurla Complex, Mumbai 400001. Bandra (E), Mumbai 400051. Scrip code: 542867 Symbol: CSBBANK
Dear Sir/Madam,
Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Intimation of Credit Rating
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, CRISIL has assigned ‘CRISIL A1+’ rating to the proposed issue of Rs.2,000 Crore Certificate of Deposits Programme and Rs.2,000 Crore Short Term Fixed Deposits Programme of the Bank.
As per CRISIL ratings schedule, the instruments with rating symbol of ‘CRISIL A1+’ are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk. The rating rationale has been published and can be accessed at the below link: _https://crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/CSB_Bank_Limited_April 09_2020_RR.html
Kindly take the same on record.
Thanking You.
Yours faithfully,
SIJO VARGHESE Digitally signed by SIJO VARGHESE DN: c=IN, o=THE CATHOLIC SYRIAN BANK LTD, ou=BOARD AND SHARES DEPT, postalCode=682020, st=KERALA, serialNumber=da67d16a892dbce0f63c24da300ebd6a93ef99e00629fb3f519fd7bc49a7ccee, cn=SIJO VARGHESE Date: 2020.04.09 18:10:55 +05'30'
Sijo Varghese Company Secretary
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CSB Bank Limited Regd. Office: CSB Bhavan, St. Mary's College Road, Thrissur – 680020, Kerala, India. Tel: +91 487–2333020 | Fax: +91 487–2338764 | Web: www.csb.co.in | Email: [email protected] | CIN: U65191KL1920PLC000175