Mumbai, Nov. 19 -- The agency has also reaffirmed the short-term rating at 'CARE A1+'.

CARE Ratings stated that the reaffirmation continues to factor CFHL's strong parentage, with Canara Bank as the primary shareholder holding 29.99% as on 30 September 2025.

The parent provides board level oversight, strategic guidance and shared brand franchise. Despite its modest shareholding, Canara Bank considers CFHL a strategically important entity and has reiterated its commitment to provide support while maintaining its equity stake.

Supported by its parentage and track record, CFHL enjoys strong financial flexibility, enabling it to raise funds from diversified sources at competitive rates.

The ratings also reflect CFHL's relatively low-risk ...