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| Exchange Received Time 29/01/2018 16:33:15 Exchange Disseminated Time 29/01/2018 16:33:21 Time Taken 00:00:06 | Credit Rating Agency, M/s. CRISIL Limited has reviewed its ratings on various Instruments of our Bank and revised the outlook to 'STABLE' from 'NEGATIVE'
The revision in Outlook is primarily driven by Government's PSB recapitalisation programme for this fiscal, which will improve the financial risk profile of Banks and also help them meet Basel III regulatory capital norms and provide cushion against expected rise in provisioning for non-performing assets (NPAs).
Please take note of the above information on record, pursuant to Regulation 30 and 84 of the SEBI (LODR) Regulations, 2015.
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