Federal Bank receives credit action from CARE

Federal Bank has received reaffirmation and assignment of credit ratings to the Tier-II Bonds of the Bank as mentioned below:

Tier II Bonds (Rs 1000 crore) - CARE AA; Positive (assigned)
Tier II Bonds (Rs 500 crore) - CARE AA; Positive (reaffirmed)
Tier II Bonds (Rs 500 crore) - CARE AA; Positive (reaffirmed)

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