Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

CRISIL reaffirms credit ratings of Federal Bank; outlook revised to 'Positive'
Federal Bank has informed to the exchanges regarding re-affirmation of credit rating and revision of outlook by CRISIL.
CRISIL Ratings has re-affirmed ‘CRISIL AA+’ rating to ₹1,00,000cr fixed deposit programme of the Federal Bank and revised outlook to “Positive” from “stable”.
Further, the ratings on the short-term fixed deposits and ₹15000cr Certificate of Deposits have been re-affirmed at ‘CRISILA1+’.
As per the CRISIL report, the revision in outlook is driven by expectation of sustained improvement in earnings profile and asset quality on a sequential basis, while capitalisation metrics remain healthy.
CRISIL Ratings has combined the business and financial risk profiles of Federal Bank and its subsidiaries and associate concerns on a proportionate basis.
Related News

L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr
4 mins read. August 2, 2024 at 12:33 PM
Download app
Access BlinkX
everywhere
across device
