Federal Bank has received a reaffirmation of its credit ratings from CRISIL Ratings, maintaining its strong position in the banking sector. The announcement was made through a regulatory filing on December 30, 2025, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Rating Details

CRISIL Ratings has reaffirmed multiple ratings for Federal Bank's deposit products, demonstrating confidence in the bank's financial stability and creditworthiness.

Regulatory Compliance

The rating reaffirmation was communicated to the stock exchanges as part of Federal Bank's compliance with regulatory requirements. The bank operates under:

• Stock Exchange Listing: NSE (FEDERALBNK) and BSE (500469)
• Regulatory Framework: SEBI (LODR) Regulations, 2015
• CIN: L65191KL1931PLC000368

Corporate Information

Federal Bank's registered office is located at Federal Towers, P O Box No.103, Aluva, Ernakulam, Kerala, India 683 101. The regulatory filing was signed by Samir P Rajdev, Company Secretary, ensuring proper corporate governance and transparency in the disclosure process.

The detailed rating rationale supporting CRISIL's reaffirmation decision has been provided as part of the official communication, offering stakeholders comprehensive insights into the factors contributing to the maintained ratings.

Federal Bank has received a penalty order of ₹23,36,830 from the Department of Trade & Taxes, Government of NCT of Delhi, on December 29, 2025. The bank disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, indicating the regulatory action's significance.

Penalty Details and Timeline

The penalty order was received by Federal Bank on December 29, 2025, at 10:59 A.M. (IST). The order has been issued under Section 73 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017), specifically imposing a penalty under Section 73(9) of CGST Act, 2017, read with relevant sections of IGST Act, 2017.

Bank's Response and Next Steps

Federal Bank has announced its intention to file an appeal against the penalty order. This decision indicates the bank's disagreement with the tax department's assessment. The appeal process will allow the bank to present its case before the appropriate appellate authority.

Financial Impact and Regulatory Compliance

The monetary impact of this regulatory action on Federal Bank amounts to ₹23,36,830. This figure represents the penalty imposed by the tax authorities for the alleged violations under the GST framework.

In compliance with SEBI regulations, the bank has fulfilled its disclosure obligations by providing detailed information about the penalty. The disclosure includes comprehensive details about the nature of the action, the issuing authority, the date of receipt, violation details, and the quantifiable financial impact. This transparency ensures that investors and stakeholders are informed about material developments affecting the bank.