Announced details
Credit ratings for banks, companies and bonds. The subject is slice Small Finance Bank's Lower Tier-II bonds (under the Basel II framework).
Rating changed from “Crisil BBB- / Positive” to “Crisil BBB / Stable”, a one-notch upgrade
The Gunosy Group is a shareholder of slice Small Finance Bank, while Crisil is the agency that rated the bank's subordinated bonds.
A credit rating agency in the S&P Global group. It is a wholly owned subsidiary of Crisil Limited, which began its credit rating business in India in 1987, and assesses the creditworthiness of banks, companies and bonds.
Crisil Ratings Limited
Guwahati, Assam, Republic of India (slice Small Finance Bank)
No impact on consolidated results for the fiscal year ending May 2027
The company does not address Contract Value / Offering price.
Crisil's Rating Rationale
| Item | Details |
|---|---|
| Names of Products / Services Covered | Lower Tier-II bonds (subordinated bonds) |
| Counterparty | Crisil Ratings Limited |
| Counterparty overview | A credit rating agency in the S&P Global group. It is a wholly owned subsidiary of Crisil Limited, which began its credit rating business in India in 1987, and assesses the creditworthiness of banks, companies and bonds. |
| Relationship with the Company | The Gunosy Group is a shareholder of slice Small Finance Bank, while Crisil is the agency that rated the bank's subordinated bonds. |
| Applicable area | Credit ratings for banks, companies and bonds. The subject is slice Small Finance Bank's Lower Tier-II bonds (under the Basel II framework). |
| Awarding / certifying body | Crisil Ratings Limited |
| Location | Guwahati, Assam, Republic of India (slice Small Finance Bank) |
| Quantitative Effects | Rating changed from “Crisil BBB- / Positive” to “Crisil BBB / Stable”, a one-notch upgrade |
| Impact on Business Performance | No impact on consolidated results for the fiscal year ending May 2027 |
| Source | Crisil's Rating Rationale |
Items this document does not state (8)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Crisil cited improved profitability, sustained growth in the scale of both lending and deposits, stable asset quality and sufficient capital levels as the reasons for the upgrade.