Action can be seen in the Federal Bank stock in the next trading session. The bank has said in the information sent to the stock market that Crisil Ratings has maintained the short term rating of the bank while the rating of long term fixed deposits has been upgraded. The bank had informed about the upgrade of the rating after the market closed on Friday. The stock closed with limited gains on Friday. Along with this, the rating of NBFC Fedbank Financial Services and Yuken India has also been upgraded by Crisil.

What information has the bank given?

The bank has informed that Crisil has maintained the rating of Federal Bank's short term fixed deposits at Crisil A1 Plus and the rating of certificate of deposits worth Rs 15,000 crore at Crisil A1 Plus. At the same time, the rating of fixed deposits worth one lakh crore has been upgraded from Crisil Double A Plus Positive to Crisil Triple A Stable. According to Crisil, the bank's rating has been increased due to the ability to maintain asset quality and better indications regarding income. Whose rating has been upgraded? Yuken India has informed that Care Ratings has upgraded its long term bank facility to Care Triple B Plus Stable. At the same time, the short term bank facility has been maintained at Care A3 Plus. The rating of NBFC Fedbank Financial Services has been upgraded. The NBFC has given this information after the market closed on Friday. The company said that Crisil Ratings has upgraded the credit rating of its non-convertible debenture. At the same time, the rating of commercial paper has been maintained. According to the data at the end of June quarter, Federal Bank Limited has a 61 percent stake in Fedbank Financial Services.