ICRA Revises Bank of Rajasthan’s Tier II Bonds’ Rating

Bank of Rajasthan has received the revised credit rating from ICRA for its Tier II Bonds. Earlier, ICRA had given rating with negative outlook. Now vide their letter dated May 20, 2010 it has changed the said rating to “rating watch with positive implication”.

Bank of Rajasthan has a pan-India presence providing a wide range of product and services in area of commercial banking, merchant banking, auxiliary services, consumer banking, deposit and money placement services, trust and custodial services, international banking, priority sector banking and depository services.