SM
Sagar Mukherjee• 5d ago
Fedbank's NCD and CP ratings have been reaffirmed by CRISIL at AA Stable and A1 respectively, indicating a steady outlook. The CP limit has also been raised to ₹2,500 crore, demonstrating strong support from Federal Bank.
Fedbank's NCD and CP ratings have been reaffirmed by CRISIL at AA Stable and A1 respectively, indicating a steady outlook. The CP limit has also been raised to ₹2,500 crore, demonstrating strong support from Federal Bank.
Fedbank Financial Services has awarded 21,000 shares through their Employee Stock Ownership Program (ESOP). This move likely aims to incentivize and retain key employees by offering them a stake in the company's success.
Fedbank Financial Services has prepaid its ₹253 crore Non-Convertible Debentures (NCDs), paying an additional ₹53.1 crore in interest and principal ahead of schedule. The move also includes a TDS deduction of ₹5.9 crore, in accordance with the Income Tax Act, 1961.