<h1>ICRA Reaffirms Credit Rating for Karur Vysya Bank’s Deposit Programme Expansion</h1>
Karur Vysya Bank Ltd has received a credit rating update from ICRA concerning its Certificate of Deposit Programme. ICRA reaffirmed the rating for this instrument, which is now applicable up to an enhanced amount.
The ratings details provided by ICRA show that the existing status was maintained after the assignment/reaffirmation related to the expanded programme. This assessment applies to the bank's Certificate of Deposit Programme.
| Credit Rating Agency | Instrument | Existing Rating | Revised Rating | Rating Action |
|---|---|---|---|---|
| ICRA | Certificate of Deposit Programme for Rs. 12,000 Cr (Enhanced from Rs.10,000 Cr) | ICRA A1+ | ICRA A1+ | Reaffirmed/ Assigned for enhanced amount |
The credit rating was received from ICRA on June 29, 2026. The reaffirmation pertains to the Certificate of Deposit Programme and reflects an increase in the authorized amount from Rs. 10,000 Cr to Rs. 12,000 Cr.
KARURVYSYA Stock Price Movement
Shares of Karur Vysya Bank Limited slipped by 0.85% on Friday, settling at ₹291.80 after shedding ₹2.50 from its previous closing price. The bank's equity traded a total volume of 1.90 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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