Fitch affirms Indian Bank at BB+ Withdraws All Ratings

Fitch Ratings has today declared and

withdrawn the ratings of Indian Bank
for commercial reasons.
There has been no such material
change in Indian Bank's credit profile
since the previous rating actions on
5th July 2016. To acquire more
information on the rating drivers,
please visit Fitch Affirms 9 Indian
Banks' IDRs, Downgrades VRs of
IDBI, Canara, and Indian Bank Ratings Navigator.
Rating sensitivities are inapplicable
because the ratings have been withdrawn. Fitch has declared and withdrawn the following
ratings:

Long-Term Issuer Default Rating (IDR) at 'BB+'; Outlook Stable;

Viability Rating at 'bb+'
Short-Term IDR at 'B'
Support Rating Floor at 'BB+'
Support Rating at '3'

Meanwhile, Indian Bank share price was trading 5.47 per cent higher at Rs.216. It opened at
Rs.204.10 from a previous closing of Rs.204.80. As of 2:04 pm, the days high of the stock
stood at Rs.219.70 while the days low read at Rs.202.95.
Out of the Top 500 Shares, Indian Bank ranks among the Multibagger Shares, identified by the
Dynamic research analysts and market experts at the end of the month of June. The scrip can
be an awesome investment opportunity and can give the investor high returns. The
fundamentals and financials of the stock are very strong. Indian Bank has been deeply
analysed by Dynamic Levels analysts with the help of technical and fundamental research. It is
recorded that the stock is being traded in very high volumes. As observed, the bank multiplies
its earnings per share every year. The share has a great potential to grow in near future. For
information on the financials of the stock, please visit Indian Bank share price history.

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