NSECredit Rating30 Sept 2026 · 30 Sept 2026, 05:54 pm
Credit Rating
Bank of India · BANKINDIA
✦ AI SummaryRating Change
Bank of India has informed the Exchange about Credit Rating assigned by Fitch Rating and S&P Global Rating to its Euro Medium Term Note Programme of USD 1 Billion.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Bank Of India has informed the Exchange about Credit Rating
Attachments (1)
📄pdf
Download →
BANKINDIA6_30092026175428_MTNCreditRating.pdf
View document text
Bank of ndla W1
TOE. Ref. No.:HO:IRC:SVM:2026-27:226 'fttW Date: 30.09.2026
Scrip Code: BANKINDIA Scrip Code: 532149
The Vice President — Listing The Vice-President — Listing Department,
Department, BSE Ltd.,
National Stock Exchange of India Ltd., 25, P.J. Towers, Dalal Street,
Exchange Plaza, Mumbai 400 001.
Bandra Kurla Complex, Bandra East,
Mumbai 400 051
q(cid:9) -u(cid:9) Err Dear Sir / Madam,
Intimation of Credit Rating of the Euro Medium Term Note Programme
Pursuant to Regulations 30, including other applicable provisions of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, read with
Schedule III("listing Regulations"), this is to inform you that credit rating agencies have
assigned ratings on 29th September, 2026 to Euro Medium Term Note Programme of
USD 1 Billion established by the Bank on 28th September 2026. The details are as
under:
Rating Agency Rating
Fitch Rating BBB-
S&P Global Rating BBB
The copy of detailed ratings reports are enclosed.
This is for your information and appropriate dissemination.
1-Eddizi Yours faithfully,
(Usha Ramsinghani)
*TA- TA-a Company Secretary
Classification: Public
vtrF 0144 (14 :fthrwliiv (cid:9) at(cid:9) , 41-5, It- wircr)(cid:9) T--f TV, oKi(cid:9) 14- - 400 051
Head Office: Investor Relations Cell, Star House - I, 8th Floor, C-5, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051
Ph.: (022) 6668 4490/91 Email: headoffice.share@bankofindia.bank.in
S&P Global
Ratings RatingsDirect®
Bank of India's US$1 Billion Medium-Term Note
Program Rated 'BBB'
September 28, 2026
Primary Contact
SINGAPORE (S&P Global Ratings) Sept. 29, 2026--S&P Global Ratings today assigned its 'BBB' long-
term issue rating to Bank of India's US$1 billion medium-term note program, under which it proposes Shinoy Varghese
to issue senior unsecured notes. Singapore
65-6597-6247
We have equalized the rating on the program with the issuer credit rating on Bank of India
shinoy.varghese1
(BBB/Stable/A-2). This reflects our expectation that notes issued under the program shall rank equally
@spglobal.com
with all of the bank's other senior unsecured obligations. The notes would constitute direct,
unconditional, unsubordinated, and unsecured obligations of Bank of India. Additional Contact
Bank of India may also issue index-linked notes under the program. Under our rating criteria, we do not Deepali V Seth Chhabria
rate notes if principal payments are linked to fluctuations in equity, commodity prices, or indices. Mumbai
912261373187
Related Criteria deepali.seth
@spglobal.com
• Criteria | Financial Institutions | General: Risk-Adjusted Capital Framework Methodology, May 5, 2026
• General Criteria: Hybrid Capital: Methodology And Assumptions, Oct. 13, 2025
• Criteria | Financial Institutions | Banks: Banking Industry Country Risk Assessment Methodology And
Assumptions, Dec. 9, 2021
• Criteria | Financial Institutions | General: Financial Institutions Rating Methodology, Dec. 9, 2021
• General Criteria: Environmental, Social, And Governance Principles In Credit Ratings, Oct. 10, 2021
• General Criteria: Group Rating Methodology, July 1, 2019
• General Criteria: Methodology For Linking Long-Term And Short-Term Ratings, April 7, 2017
• General Criteria: Rating Government-Related Entities: Methodology And Assumptions, March 25,
2015
• General Criteria: Principles Of Credit Ratings, Feb. 16, 2011
Related Research
• Bank of India Ltd. Assigned 'BBB/A-2' Ratings; Outlook Stable, Sept. 7, 2026
www.spglobal.com/ratingsdirect September 28, 2026 1
Bank of India's US$1 Billion Medium-Term Note Program Rated 'BBB'
Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our
criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at https://disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria
for further information. A description of each of S&P Global Ratings' rating categories is contained in "S&P Global Ratings Definitions" at
https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/sourceId/504352. Complete ratings information is available to RatingsDirect subscribers at
www.capitaliq.com. All ratings referenced herein can be found on S&P Global Ratings' public website at www.spglobal.com/ratings.
www.spglobal.com/ratingsdirect September 28, 2026 2
Bank of India's US$1 Billion Medium-Term Note Program Rated 'BBB'
Copyright © 2026 by Standard & Poor’s Financial Services LLC. All rights reserved.
No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof
(Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the
prior written permission of Standard & Poor’s Financial Services LLC or its affiliates (collectively, S&P). The Content shall not be used for any unlawful or
unauthorized purposes. S&P and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Parties) do
not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any errors or omissions (negligent or
otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The
Content is provided on an “as is” basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT
THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In
no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages,
costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in
connection with any use of the Content even if advised of the possibility of such damages.
Some of the Content may have been created with the assistance of an artificial intelligence (AI) tool. Published Content created or processed using AI is
composed, reviewed, edited, and approved by S&P personnel.
Credit-related and other analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not
statements of fact. S&P’s opinions, analyses and rating acknowledgment decisions (described below) are not recommendations to purchase, hold, or sell any
securities or to make any investment decisions, and do not address the suitability of any security. S&P assumes no obligation to update the Content following
publication in any form or format. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its
management, employees, advisors and/or clients when making investment and other business decisions. S&P does not act as a fiduciary or an investment
advisor except where registered as such. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and
undertakes no duty of due diligence or independent verification of any information it receives. Rating-related publications may be published for a variety of
reasons that are not necessarily dependent on action by rating committees, including, but not limited to, the publication of a periodic update on a credit
rating and related analyses.
To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory
purposes, S&P reserves the righ
[Showing first 8,000 characters — download PDF for full document]