ICRA has assigned the [ICRA]AA-(hyb) with a negative outlook to the Rs 5  billion of basel-III compliant additional tier-1 bond programme of Vijaya Bank (VB).

However, ICRA has reaffirmed the [ICRA]AA+(hyb) rating to the Rs 15 billion basel-III compliant tier-II bond programmes and also reaffirmed the [ICRA]AA- (hyb) rating for the Rs 5 billion basel III compliant additional tier-1 bond programme of the bank.

Shares of the company declined Rs 0.35, or 1.14%, to settle at Rs 30.35. The total volume of shares traded was 25,948 at the BSE (Wednesday).