IDBI Bank – Ratings Outlook Revised to Positive

Ref: IN020 2 2 CRA 00- 0 1 20 January 202 3

IDBI Bank – Ratings Outlook Revised to Positive

Capital Intelligence Ratings (CI Ratings or CI ) today announced that it has revised the Outlook for IDBI Bank’s Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) to Positive from Stable. At the same time, t he Bank’s LT FCR of ‘BB+’ and BSR of ‘bb-’ have been affirmed . IDBI Bank’s Short-Term Fore ign Currency Rating (ST FCR) of ‘B’, Core Financial Strength (CFS) rating of ‘bb-’ and Extraordinary Support Level (ESL) of High have also been affirmed.

The revision of the Outlook to Positive is underpinned by the continuing improvement in the Bank’s key financial parameters which we believe are sustainable. The Bank has improved its operating profitability and ROAA, while at the same time maintaining good capital and liquidity ratios. …