Federal Banks long-term fixed deposit credit rating has been upgraded to CRISIL AAA/Stable from CRISIL AA+/Positive, while the short-term ratings are reaffirmed as CRISIL A1+. As of June 30, 2024, the banks gross non-performing assets are at 2.11%, and its profit after tax rose to Rs 3,928 crore for fiscal 2024 from Rs 3,176 crore in fiscal 2023.