Read more about Indian Bank to divest stake in asset reconstruction JV ASREC India on Business Standard. State-owned Indian Bank on Friday said it will divest stake in joint venture entity ASREC (India) Ltd as part of asset monetisation exercise.The bank holds a 38.26 per cent stake in ASREC (India) Ltd.As part of the monetisation of the bank s
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Union Bank of India receives revision in outlook on LT debt ratings business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Read more about Union Bank gains after CRISIL reaffirms ratings, revises outlook to Stable on Business Standard. Union Bank of India rose 2.71% to Rs 39.85 after CRISIL Ratings revised its outlook on the long-term debt instruments of the bank to Stable from Negative while reaffirming its ratings at CRISIL AA+/CRISIL AA- .
CRISIL revises outlook on long-ter debt instruments of Union Bank of India
Posted On: 2021-03-03 06:18:03 (Time Zone: Arizona, USA)
CRISIL Ratings has revised its outlook on the long-term debt instruments of Union Bank of India to Stable from Negative while reaffirming its ratings at CRISIL AA+/CRISIL AA- .
CRISIL Ratings has also withdrawn its rating on the Tier-II Bond Issue (Under Basel III) of Rs. 500 crore in-line with its withdrawal policy. CRISIL has received independent verification that these instruments are fully redeemed.
CRISIL Ratings had assigned Negative outlook on the long-term debt instruments on September 01, 2020, following resolution of Watch with Developing Implications . The Negative outlook was assigned to reflect the potential stress that the bank s asset quality and, consequently, profitability could witness on account of the challenging macro environment.