The 1.02 patch is available now across both platforms, which is actually sooner than Ubisoft anticipated, the developer writes on Far Cry 4's live updates page. This patch aims to provide a "smoother experience" for Far Cry 4 players.
You can see the full Far Cry 4 1.02 patch notes below, courtesy of Ubisoft.
Playstation 4/Playstation 3:
Fixed some random crashes on all game modes.
Fixed host migration edge random & case issues
Fixed custom match stability issues
Fixed join-in-progress edge case issues
Fixed progression page issues in Story missions
Fixed functionality issues in the shop menu
Fixed several localization issues (cut-off text, subtitles)
Fixed various low repro walkthrough breaks
Fixed host migration random issues specific to coop
Fixed minor gameplay functionality issues
Fixed aiming issues with the machine gun weapon
Fixed minor and low repro QTE issue with specific animals
Fixed Map Browser issues
Fixed occlusion and navmesh issues
Fixed some missing audio in radio calls
Playstation 4 Only:
Coop will no longer cause users to hang on the main menu and with the second player unable to progress to the lobby.