HDFC Bank's Credit Rating Affirmed by CARE and India Ratings
HDFC Bank's Certificate of Deposit program has received affirmations and assignments of credit ratings. CARE Ratings reaffirmed its 'CARE A1+' rating for an enhanced amount of ₹2,00,000 crore. India Ratings assigned 'IND A1+' for ₹50,000 crore and affirmed 'IND A1+' for ₹1,50,000 crore.
Positive credit ratings are crucial for a bank's ability to raise funds efficiently and at competitive rates, impacting its funding costs and operational flexibility. The enhancement in the program size also suggests increased capacity for fundraising.
The affirmation and enhancement of credit ratings by reputable agencies indicate a strong financial standing and confidence in the bank's creditworthiness.
HDFC Bank Limited has received affirmations and assignments of credit ratings for its Certificates of Deposit from two prominent rating agencies, CARE Ratings Limited and India Ratings and Research Private Limited.
CARE Ratings Limited reaffirmed its 'CARE A1+' rating for the Bank's Certificate of Deposit program, with the total amount enhanced from ₹1,50,000.00 crore to ₹2,00,000.00 crore. This rating action was taken on August 18, 2026.
India Ratings and Research Private Limited assigned and affirmed ratings for HDFC Bank's Certificates of Deposit. For instruments with maturities ranging from 7 to 365 days, India Ratings assigned an 'IND A1+' rating for an amount of INR 500 billion (₹50,000 crore) and affirmed the 'IND A1+' rating for an amount of INR 1500 billion (₹1,50,000 crore). These rating actions were communicated on August 19, 2026. The ratings are based on the Bank's operational and financial performance for FY26 (Audited) and Q1FY27 (Unaudited).
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HDFC Bank Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by HDFC Bank Limited. Read the original for the full detail.