Mumbai, July 10 -- Equitas Small Finance Bank has received credit ratings from India Ratings and Research as under:

Tier II bonds (Rs 500 crore) - IND AA-/Stable

Tier II bonds (Rs 500 crore) - IND AA-/ Stable

Issuer rating - IND AA-/ Stable

Certificate of deposits (Rs 2,500 crore) - IND A1+

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