Karur Vysya Bank (KVB) announced that the rating agency ICRA has reaffirmed the credit rating for its Certificate of Deposit (CD) Programme. The rating remains at the highest achievable level of ICRA A1+. This confirmation applies to the substantial Rs. 10,000 Crore programme and signifies continued high credit quality as of March 09, 2026.
Credit Rating Intimation Confirmation
Karur Vysya Bank (KVB) is issuing this formal intimation regarding the credit rating status for its major debt instrument. The Bank confirms that pursuant to applicable disclosure requirements, the rating for its Certificate of Deposit Programme has been reviewed by the agency ICRA.
Reaffirmation of Highest Credit Quality
The analysis conducted by ICRA resulted in the reaffirmation of the existing rating for the Certificate of Deposit Programme, which currently stands at a total commitment of Rs. 10,000 Cr. The details of the reaffirmed rating are summarized below:
- Instrument: Certificate of Deposit Programme for Rs. 10,000 Cr
- Existing Rating: ICRA A1+
- Revised Rating: ICRA A1+
- Rating Action: Reaffirmed
The rating of ICRA A1+ indicates the highest credit quality and assures investors of the highest degree of safety regarding timely servicing of financial obligations. This confirmation was officially received by the Bank on March 09, 2026.
Source: BSE
