30th May 2009
Srinagar
J&K Bank gets ‘P1+' rating
Continuing with its impeccable market credibility and customer confidence, the J&K Bank has been assigned ‘P1+' rating for its Short Term Fixed Deposit Programme by CRISIL, India's leading credit Ratings, Research, Risk and Policy Advisory company.
The rating, retained by the Bank, signifies the strong fundamentals and strapping commitment the Bank has towards its customers.
"CRISIL has, after due consideration, reaffirmed the P1+ (pronounced as ‘P one plus') rating for Short Term Fixed Deposit Programme," the official communication from the CRISIL to the J&K Bank reads, adding, " this indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong".
The rating, retained by the Bank, signifies the strong fundamentals and strapping commitment the Bank has towards its customers.
"CRISIL has, after due consideration, reaffirmed the P1+ (pronounced as ‘P one plus') rating for Short Term Fixed Deposit Programme," the official communication from the CRISIL to the J&K Bank reads, adding, " this indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong".