The Industrial Development Bank of India Limited, or IDBI, was incorporated in 1964 and is one of the leading private banks of India.
IDBI is the founder of the following institutions:
IDBI Flexibonds can be categorized into four types:
There has been revision in the credit rating of IDBI's outstanding bond issues.
- The National Stock Exchange of India (NSE)
- National Securities Depository Services Ltd (NSDL)
- The Stock Holding Corporation of India Limited (SHCIL)
IDBI Flexibonds can be categorized into four types:
- Tax Savings Bonds: offered with a maturity period of 3 years with an interest rate of 5.5%.
- Regular Income Bonds: provide better returns with a lower risk factor. They are appropriate for high net worth investors to diversify risk.
- Growing Interest Bonds: has a maturity period of five years with Yield To Maturity (YTM) of 6.3%.
- Retirement Bonds: offer YTM of 7.24% with a maturity period is 10 years. These are quite lucrative for investors looking for high net worth.
There has been revision in the credit rating of IDBI's outstanding bond issues.
- The "AAA" or triple A rating has been revised to "AA+" (stable) by CRISIL (Credit Rating Information Services of India Limited).
- The "LAAA" or L triple A rating has been revised to "LAA+" (stable) by ICRA (Indian Credit Rating Agency).
- The "Ind AAA" has been revised to "Ind AA+" (stable) by FITCH.