CSB Bank Receives Reaffirmed Credit Ratings from CRISIL for CD and Tier II Bond Programmes
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Thrissur, May 21, 2025 — In a development that reinforces its financial stability and sound credit profile, CSB Bank Limited has announced that CRISIL Ratings has reaffirmed its credit ratings for the bank’s short-term and long-term financial instruments. This update was communicated to the stock exchanges by the bank through an official regulatory filing dated May 21, 2025.
According to the filing made to both BSE Limited and the National Stock Exchange of India Ltd., CRISIL Ratings has reaffirmed the ‘CRISIL A1+’ rating for CSB Bank’s Certificate of Deposits (CD) programme as well as its Short-term Fixed Deposit programme. The ‘CRISIL A1+’ rating is the highest rating assigned by CRISIL for short-term instruments and indicates a very strong degree of safety regarding timely payment of financial obligations.
In addition to this, CRISIL Ratings also reaffirmed its rating of ‘CRISIL A/Stable’ for the bank’s proposed Tier II Basel III compliant bonds. This rating indicates that CSB Bank has adequate capacity to meet its financial commitments, and the outlook being ‘Stable’ suggests that the bank’s credit profile is expected to remain steady in the medium term.
The reaffirmation of these ratings is seen as a positive indicator of the bank’s overall financial health, risk management, and capital adequacy. It provides further confidence to investors and depositors about the bank’s ability to meet its financial obligations without undue risk.
The rating rationale, published by CRISIL Ratings on May 20, 2025, is available for public access through the following link:
CRISIL Rating Rationale for CSB Bank
The announcement was signed by Sijo Varghese, Company Secretary of CSB Bank Limited, and officially communicated in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This reaffirmation strengthens CSB Bank’s market credibility and supports its efforts to raise funds through various instruments with continued investor trust.
For more information about CSB Bank and its financial services, visit www.csb.co.in.
