Karur Vysya Bank announced that ICRA has reaffirmed the ‘A1+’ credit rating for its Certificate of Deposit (CD) Programme. This rating applies to the enhanced programme size of Rs. 12,000 Cr, up from Rs. 10,000 Cr. The rating action, dated June 29, 2026, indicates the highest level of short-term credit quality, signifying strong safety regarding timely payment of financial obligations.
ICRA Reaffirms ‘A1+’ Rating for Karur Vysya Bank’s CD Programme
Karur Vysya Bank has received confirmation from ICRA that its Certificate of Deposit (CD) Programme has been reaffirmed with the highest short-term credit rating of ‘A1+’. This significant rating underscores the bank’s strong capacity to meet its financial obligations in a timely manner.
Enhanced Programme Size
The reaffirmation of the ‘A1+’ rating specifically applies to the bank’s Certificate of Deposit Programme, which has been enhanced to Rs. 12,000 Cr from its previous limit of Rs. 10,000 Cr. This enhancement reflects the bank’s growing funding needs and its established creditworthiness in the financial markets.
Rating Action Details
The rating action was officially communicated and received by the bank on June 29, 2026. ICRA’s decision to reaffirm the ‘A1+’ rating indicates a stable outlook and strong assurance for investors in the bank’s Certificate of Deposit issuances.
Source: BSE
