South Indian Bank has announced that M/s Infomerics Valuation and Rating Ltd has reaffirmed its rating for the issuer and assigned a new rating to the Fixed Deposit Programme as of March 26, 2026. The Issuer Rating remains IVR AA /Stable (Double A with Stable outlook). Furthermore, the ₹25,000.00 crore Fixed Deposit Programme was assigned a rating of IVR AA/Stable, indicating strong capacity to meet financial obligations.
Credit Rating Update for South Indian Bank
South Indian Bank is providing an update regarding its credit ratings, as mandated by regulatory requirements. The Bank confirms that M/s Infomerics Valuation and Rating Ltd (Infomerics) issued an intimation on March 26, 2026, confirming rating actions for the issuer and the Bank’s Fixed Deposit Programme.
Details of Rating Actions
The following table summarizes the rating actions taken by Infomerics for the Bank’s financial instruments:
Issuer Rating Status
The rating assigned to the overall Issuer Rating was reaffirmed. The rating is currently recorded as IVR AA /Stable, which translates to ‘IVR Double A with Stable outlook’. This matches the previous rating for the issuer.
Fixed Deposit Programme Rating
A rating was assigned for the Bank’s Fixed Deposit Programme amounting to Rs. 25,000.00 crore. This new rating is categorized as IVR AA/Stable, signifying an ‘IVR Double A with Stable outlook’. This rating is deemed ‘Simple’ in complexity.
Accessing the Rationale
The detailed rating rationale supporting this reaffirmation and assignment is available publicly. Stakeholders can access the full rationale document via the provided link on the web for a complete understanding of the assessment criteria.
Source: BSE
