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Entity-Specific Rating Rationales

21 Jan 2026

Bharatiya Reserve Bank Note Mudran Private Limited: Rating reaffirmed

Bharatiya Reserve Bank Note Mudran Private Limited: Rating reaffirmed

07 Jan 2025

Bharatiya Reserve Bank Note Mudran Private Limited: Ratings reaffirmed

Bharatiya Reserve Bank Note Mudran Private Limited: Ratings reaffirmed

27 Dec 2023

Bharatiya Reserve Bank Note Mudran Private Limited: Ratings reaffirmed

Bharatiya Reserve Bank Note Mudran Private Limited: Ratings reaffirmed

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Entity-Specific Credit Perspective Reports

19 Feb 2026

Bharatiya Reserve Bank Note Mudran Private Limited

Bharatiya Reserve Bank Note Mudran Private Limited (Non-SF)

03 Feb 2025

Bharatiya Reserve Bank Note Mudran Private Limited

Bharatiya Reserve Bank Note Mudran Private Limited (Non-SF)

25 Jan 2024

Bharatiya Reserve Bank Note Mudran Private Limited

Bharatiya Reserve Bank Note Mudran Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund-based: Cash Credit -- -- [ICRA]AAA(Stable) --
Non-fund Based – Working Capital Facilities [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Shruti Aggarwal

Analyst 2

Sweta Shroff

Sector Head

Ashish Modani
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