Enter a Better Life Financial Performance
Chola
Enter a better life
CAR and Credit Rating
Capital Adequacy Ratio (CAR) - As per RBI guideline
19.07
3.93
19.62
3.13
murugappa
Tier I
Tier II
17.13
17.44
16.62
2.35
2.30
1.96
15.14
16.49
14.78
15.14
14.66
FY21
FY22
FY23
Q1 FY24
Q2 FY24
Minimum CAR Stipulated by RBI is 15% & for Tier I is 10%
Launched a composite QIP issue of equity shares (Rs 2,000 crores) and compulsorily convertible debentures (Rs 2,000
crores), overall aggregating to Rs 4,000 crores and the allotment was done on October 5th 2023. Post the Capital raise,
the Capital Adequacy ratio will be more than 20% and Tier I will be more than 16.5%.
India ratings
Loan type
Care
ST CP/WCDL
Credit Rating LT NCD/CC
ICRA
[ICRA] A1+
Crisil
[CRISIL] A1+
IND AA + (ind) stable
CARE AA+/Stable
NCD (Public Issue)
IND AA+/ Stable
Tier II SD
IND AA+/Stable
Tier I PDI
IND AA/ Stable
CARE AA+/Stable
CARE AA /Stable
[ICRA] AA+/Stable
[ICRA] AA+/Stable
[ICRA] AA+/Stable
[ICRA] AA/Stable
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