Indian Bank’s Proposed ₹5,000 Crore Infrastructure Bonds Rated AAA by CARE & CRISIL
Chennai, March 16, 2026: Indian Bank announced that its proposed ₹5,000 crore Infrastructure Bonds have been assigned a fresh AAA rating with a stable outlook by both CARE Ratings Ltd. and CRISIL Ratings Ltd. This rating reflects the Bank’s robust credit profile and financial strength.
Both rating agencies have also reaffirmed their outstanding ratings on Indian Bank’s existing and proposed instruments, including:
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Basel III AT1 Perpetual Bonds
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Basel III Tier 2 Bonds
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Existing Infrastructure Bonds
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Certificate of Deposits
Key Highlights of Ratings
| Instrument | Rating Agency | Rating | Action |
|---|---|---|---|
| Issuer Rating | CARE | AAA, Stable | Reaffirmed |
| Proposed Infrastructure Bonds ₹5,000 Cr | CARE / CRISIL | AAA, Stable | Assigned |
| Basel III Tier 2 Bonds Series III ₹1,000 Cr | CARE / CRISIL | AAA, Stable | Reaffirmed |
| Basel III AT1 Perpetual Bonds ₹1,000 Cr | CARE | AA+, Stable | Reaffirmed |
| Certificate of Deposits ₹45,000 Cr | CRISIL | A1+ | Reaffirmed |
This development strengthens investor confidence and positions Indian Bank to raise funds for infrastructure financing while maintaining its high creditworthiness across multiple financial instruments.
About Indian Bank:
Indian Bank is a leading public sector bank in India, providing retail, corporate, and institutional banking services. The Bank actively participates in infrastructure financing, Basel III-compliant instruments, and capital market operations, maintaining strong governance and credit ratings to support its strategic growth initiatives.