IDBI Not Enthused With MoF Bid On Asset Merger With IFCI

Posted: Saturday, Sep 07, 2002 at 0000 hrs IST
Updated: Saturday, Sep 07, 2002 at 0000 hrs IST

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Mumbai, September 6:: future credit profile.

Meanwhile, Crisil has reaffirmed its ‘AA+’ ratings for IDBI’s bonds and fixed deposit programme. It has also reaffirmed the ‘FAAA’ ratings for IDBI’s inter-corporate deposits, term money bonds while ‘P1+’ ratings have been reaffirmed for its commercial paper programme. Crisil in its press release said that IDBI’s ratings at the current level reflects its dominant position in the India financial system. It stated that the conversion of loans, amounting to Rs 2,130 crore to tier-I capital allowed by the government in 2001-02 has hugely bolstered IDBI’s capital position, allowing it to arrest and otherwise stressed financial position....

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