ICRA reaffirms ratings of DCB Bank Ltd

DCB Bank Limited has received a letter from ICRA Limited, dated February 26, 2021, reaffirming its Credit Rating "[ICRA] A+ (hyb) (Stable)" rating with Stable outlook for the Basel III Compliant Tier II Bonds Programme of Rs. 550 crore.

Further, ICRA Limited vide its letter dated February 26, 2021 has also reaffirmed "[ICRA] A1+" rating on the Short Term Fixed Deposit Programme of the Bank.

Shares of DCB Bank Limited was last trading in BSE at Rs.116.5 as compared to the previous close of Rs. 117.7. The total number of shares traded during the day was 96397 in over 966 trades.

The stock hit an intraday high of Rs. 119 and intraday low of 112.55. The net turnover during the day was Rs. 11089384.

Source : Equity Bulls

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