Executive Summary
The BSE BANKEX constituents reported a robust Q1 FY27 earnings season, with all major banks posting double-digit YoY profit growth, driven by strong core operating performance and improving asset quality.
Axis Bank, ICICI Bank, Kotak Mahindra Bank, and Yes Bank all delivered PAT growth between 16% and 34% YoY, while Punjab National Bank posted a staggering 213.6% YoY surge from a low base. However, the quarter was marked by a clear divergence: while net interest income grew modestly (2-9% YoY for most), margin compression emerged as a key theme, with Kotak Mahindra Bank's NIM declining 12 bps YoY and Axis Bank's NIM at 3.46%. Deposit mix pressure was evident, with CASA ratios declining across Axis, ICICI, and Kotak. Asset quality continued to improve, with gross NPAs declining across the board, but sequential net NPA ratios showed slight upticks at ICICI and Kotak, warranting caution. Capital positions remain strong, with all banks well above regulatory minimums. The most critical development is Kotak Mahindra Bank's planned acquisition of Deutsche Bank's retail and wealth management business in India, a transformative deal that could reshape its retail franchise. Portfolio-level patterns indicate a sector transitioning from a recovery phase to a growth phase, with a focus on fee income and operational efficiency to offset NIM compression.
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Filing types in this digest: Company update · Board meeting · Corporate governance
Tracking the trend? Catch up on the prior BSE Bankex Banking Sector Regulatory Filings digest from July 16, 2026.
Investment Signals (11)
- Axis Bank ↓ (BULLISH)▲
Net profit grew 22.5% YoY to ₹7,114 Cr, driven by positive operating jaws and stable asset quality; core operating profit rose 10% YoY. However, retail loan growth was modest at 8% YoY and CASA ratio declined 1% QoQ, indicating deposit mix pressure
- ICICI Bank ↓ (BULLISH)▲
PAT grew 16% YoY to ₹14,804.50 Cr, with strong fee income growth of 23.5% YoY and robust domestic corporate loan growth of 18.5% YoY. ROA improved to 2.49% from 2.44% YoY, best-in-class among peers
- Kotak Mahindra Bank ↓ (MIXED)▲
Consolidated PAT grew 22.5% YoY to ₹5,480 Cr, with Asset Management segment profit surging 32.7% YoY. However, NIM compressed to 4.53% from 4.65% YoY and CASA ratio slipped to 40.3% from 40.9%
- Punjab National Bank ↓ (BULLISH)▲
Net profit surged 213.6% YoY to ₹5,253 Cr, with ROA improving 67 bps YoY to 1.04%. Global business grew 10.2% YoY and GNPA ratio improved 100 bps to 2.78%. However, NII growth was modest at 2.1% YoY
- Yes Bank ↓ (MIXED)▲
PAT grew 33.7% YoY to ₹1,071 Cr, with NIM improving 20 bps YoY to 2.7% and cost-to-income ratio improving 420 bps YoY to 62.8%. However, deposits fell 1.1% QoQ and RoA declined sequentially to 0.9%
- ICICI Bank ↓ (BULLISH)▲
Provisions (other than tax) fell sharply to ₹1,260.45 Cr from ₹1,814.57 Cr in Q1 FY26, a 30.5% YoY decline, boosting bottom line. The bank holds a contingency provision of ₹13,100 Cr, providing a buffer against future shocks
- Kotak Mahindra Bank ↓ (BULLISH)▲
Provisions and contingencies fell 42.1% YoY to ₹764.83 Cr, a key driver of profit growth. Credit cost improved sharply to 0.46% from 0.93% YoY, indicating strong asset quality
- Axis Bank ↓ (BULLISH)▲
CET-1 ratio improved 26 bps in the quarter to 14.64% and CAR stood at 16.67%, providing ample headroom for growth. Cost of funds decreased 35 bps YoY, supporting NIM
- Yes Bank ↓ (BULLISH)▲
Retail Banking segment profit improved sharply to ₹3,572 Lakh from a loss of ₹66,804 Lakh in Q1 FY25, signaling a turnaround in the core franchise. Average LCR improved to 138.2% from 119.0% in Q4 FY26
- ICICI Bank ↓ (MIXED)▲
Overseas book grew 52.5% YoY to ₹502.75 bn, a significant growth driver. However, the credit card portfolio contracted 1.9% YoY, a potential headwind for fee income
- Punjab National Bank ↓ (BULLISH)▲
CRAR improved to 18.13% from 17.50% YoY, and book value per share (tangible) rose 16.7% YoY to ₹108.58, indicating strong capital accretion
Risk Flags (10)
- Kotak Mahindra Bank/NIM Compression↓ [HIGH RISK]▼
NIM declined to 4.53% from 4.65% YoY and 4.67% QoQ, marking the third consecutive quarter of compression. Fees and services income declined 10% QoQ, indicating sequential revenue pressure
- Axis Bank/Deposit Mix Pressure↓ [MEDIUM RISK]▼
CASA ratio on a month-end basis declined 1% QoQ to 38%, and retail loan growth was modest at 8% YoY. The bank's NIM at 3.46% is among the lowest in the peer set, limiting earnings growth potential
- ICICI Bank/Net NPA Uptick↓ [MEDIUM RISK]▼
Net NPA ratio increased to 0.35% from 0.33% in Q4 FY26, and the provision coverage ratio declined to 74.7% from 75.8%. While still low, the sequential deterioration warrants monitoring
- Yes Bank/Sequential Profit Stagnation↓ [MEDIUM RISK]▼
PAT grew only 0.2% QoQ despite a 33.7% YoY jump, and deposits fell 1.1% QoQ. The bank's RoA declined to 0.9% from 1.0% in Q4 FY26, indicating a lack of sequential momentum
- Yes Bank/AT-1 Bond Risk↓ [HIGH RISK]▼
The bank disclosed a pending Supreme Court judgment on the write-down of AT-1 bonds, which could have a future financial impact. This regulatory overhang remains unresolved
- ICICI Bank/Retail Segment Weakness↓ [MEDIUM RISK]▼
Retail segment PBT declined to ₹62.39 bn in Q1 FY27 from ₹69.27 bn in Q4 FY26, a 10% sequential drop. Average CASA ratio also declined to 38.1% from 38.7% YoY
- Punjab National Bank/Modest NII Growth↓ [MEDIUM RISK]▼
Net interest income grew only 2.1% YoY, significantly lagging profit growth. Provisions and contingencies increased 67.5% YoY, though from a low base, indicating potential earnings volatility
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The Digital Banking sub-segment posted a very modest profit of ₹16.02 crore, down 60% QoQ, raising questions about the scalability of digital initiatives
- Axis Bank/CFO Resignation↓ [LOW RISK]▼
CFO Puneet Sharma resigned, with Rajeev Mantri appointed effective September 28, 2026. Leadership transitions in key roles can create short-term execution risk
- Yes Bank/Capital Adequacy Decline↓ [MEDIUM RISK]▼
Capital Adequacy Ratio (Basel III) declined to 15.1% from 15.8% a year ago, while total debts to total assets ratio increased to 14.7% from 13.8% in Q4 FY26
Opportunities (10)
- Kotak Mahindra Bank/Deutsche Bank Acquisition↓ (OPPORTUNITY)◆
Planned acquisition of Deutsche Bank's retail, private banking and wealth management business in India is a transformative opportunity to gain high-net-worth clients and scale wealth management. Kotak's strong capital position (CAR well above minimum) supports deal financing
- Punjab National Bank/Turnaround Play↓ (OPPORTUNITY)◆
With a 213.6% YoY profit surge, ROA improving 67 bps to 1.04%, and GNPA declining 100 bps to 2.78%, PNB is demonstrating a strong turnaround. Trading at a tangible book value of ₹108.58, the stock offers value for investors seeking a PSU bank recovery story
- ICICI Bank/Best-in-Class ROA↓ (OPPORTUNITY)◆
With ROA of 2.49% (annualized), ICICI Bank leads the peer set. Strong fee income growth (23.5% YoY), robust corporate loan growth (18.5% YoY), and a large contingency provision buffer make it a high-quality compounder
- Yes Bank/Retail Turnaround↓ (OPPORTUNITY)◆
Retail Banking segment profit improved from a loss of ₹66,804 Lakh in Q1 FY25 to a profit of ₹3,572 Lakh in Q1 FY27, signaling a structural turnaround. Multiple credit rating upgrades received in the quarter add credibility
- Axis Bank/Strong Capital Position↓ (OPPORTUNITY)◆
With CET-1 at 14.64% and CAR at 16.67%, Axis Bank has significant headroom to accelerate loan growth or pursue inorganic opportunities. Cost of funds declined 35 bps YoY, providing a tailwind for NIM stabilization
- Kotak Mahindra Bank/Asset Management Growth↓ (OPPORTUNITY)◆
Kotak Mahindra AMC PAT grew 23% YoY to ₹399 Cr, with equity AAUM market share of 6.52%. The asset management business is a high-margin, capital-light growth engine within the group
- ICICI Bank/AGM Catalysts↓ (OPPORTUNITY)◆
The 32nd AGM on August 21, 2026 will seek approval for dividend declaration and re-appointment of MD & CEO Sandeep Bakhshi. The dividend announcement could be a positive catalyst for income-focused investors
- Punjab National Bank/Capital Accretion↓ (OPPORTUNITY)◆
CRAR improved to 18.13% and book value per share rose 16.7% YoY, providing the bank with capacity to expand lending without diluting equity. The transfer of ₹4,143.55 Cr from IFR to General Reserve strengthens the balance sheet
- Yes Bank/LCR Improvement↓ (OPPORTUNITY)◆
Average LCR improved to 138.2% from 119.0% in Q4 FY26, indicating a stronger liquidity position. PSL shortfall deposits reduced 25.4% YoY, reducing a regulatory drag on profitability
- Axis Bank/New CFO Appointment↓ (OPPORTUNITY)◆
Rajeev Mantri, a seasoned banker with experience at Bandhan Bank, Citibank, and Standard Chartered, brings nearly three decades of experience. His appointment effective September 28 could bring fresh strategic perspective
Sector Themes (6)
- NIM Compression Across the Board◆
All reporting banks experienced NIM compression or flat trends, with Kotak Mahindra Bank's NIM declining 12 bps YoY to 4.53%, Axis Bank at 3.46%, and PNB's NIM improving only marginally to 2.50%. The sector is facing structural pressure from rising deposit costs and competitive loan pricing, making fee income growth critical for earnings momentum.
- Asset Quality Improvement Continues◆
Gross NPAs declined across all banks, with Axis Bank improving to 1.28% from 1.57% YoY, ICICI Bank to 1.38% from 1.67%, and PNB showing a 100 bps improvement to 2.78%. However, net NPA ratios showed slight sequential upticks at ICICI Bank (0.33% to 0.35%) and Kotak, suggesting the low point may have passed.
- Deposit Mix Pressure is Universal◆
CASA ratios declined across Axis Bank (down 1% QoQ), ICICI Bank (38.1% vs 38.7% YoY), Kotak Mahindra Bank (40.3% vs 40.9% YoY), and PNB (36.7% vs 37.0% YoY). This trend reflects customers shifting to higher-yield deposits, compressing margins and increasing funding costs.
- Capital Positions Remain Fortified◆
All banks reported strong capital adequacy ratios well above regulatory minimums, with ICICI Bank at 16.84% (CET-1 16.19%), Axis Bank at 16.67% (CET-1 14.64%), and PNB at 18.13%. This provides significant headroom for growth, dividends, and potential M&A.
- Fee Income Emerges as Key Growth Driver◆
With NIM under pressure, banks are increasingly relying on fee income. ICICI Bank reported 23.5% YoY fee income growth, while Axis Bank's core operating profit rose 10% YoY. This shift towards non-interest income is a structural theme for the sector.
- PSU Bank Recovery Story Gains Traction◆
PNB's 213.6% YoY profit surge, ROA improvement to 1.04%, and strong capital position highlight the turnaround in PSU banks. The sector is benefiting from lower provisions, improving asset quality, and government focus on consolidation.
Watch List (8)
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Watch for regulatory approvals and deal closure timeline for the acquisition of Deutsche Bank's retail and wealth management business. The deal could significantly enhance Kotak's high-net-worth client base and wealth management AUM.
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The pending Supreme Court judgment on the write-down of AT-1 bonds is a key overhang. Any adverse ruling could have a material financial impact and affect capital adequacy.
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The 32nd AGM will cover dividend declaration, re-appointment of MD & CEO, and appointment of two new Independent Directors. Watch for dividend payout ratio and any strategic commentary from management.
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Rajeev Mantri takes over as CFO on September 28, 2026. Monitor for any changes in financial strategy, capital allocation, or disclosure practices during the transition period.
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With NII growing only 2.1% YoY despite 12.7% advances growth, watch for NIM trends in subsequent quarters. The bank's ability to improve NIM will be critical for sustaining earnings momentum.
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Retail segment PBT declined 10% QoQ. Monitor whether this is a seasonal blip or a structural trend, as retail banking is a core profit driver for the bank.
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With NIM declining for three consecutive quarters, watch for any guidance on NIM stabilization. The bank's cost of funds improved to 4.46% from 5.01% YoY, which could provide a floor for NIM.
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HDFC Bank's results were approved on July 18 but detailed financials were not included in the filings. The earnings call presentation and subsequent disclosures will be critical for completing the sector picture.
Filing Analyses
(27)
18-07-2026
Axis Bank reported standalone net profit of ₹7,113.92 Cr for Q1 FY27, up 22.5% YoY from ₹5,806.14 Cr in Q1 FY26, driven by higher interest income and lower provisions. Total income grew 6.3% YoY to ₹40,721.05 Cr, while operating profit rose 1.3% YoY to ₹11,659.10 Cr. However, net interest income (interest earned minus interest expended) was relatively flat, and the bank's Return on Assets (annualized) declined slightly to 1.51% from 1.58% in the preceding quarter. Gross NPA ratio improved to 1.28% from 1.57% a year ago, and net NPA ratio stood at 0.39%.
- · Standalone net profit for Q1 FY27 was ₹7,113.92 Cr, up 22.5% YoY from ₹5,806.14 Cr in Q1 FY26.
- · Total income for Q1 FY27 was ₹40,721.05 Cr, up 6.3% YoY from ₹38,321.57 Cr.
- · Operating profit (before provisions) was ₹11,659.10 Cr, up 1.3% YoY from ₹11,515.16 Cr.
- · Provisions (other than tax) and contingencies fell 43.7% QoQ to ₹2,222.54 Cr from ₹3,522.21 Cr in Q4 FY26.
- · Gross NPA ratio improved to 1.28% from 1.57% a year ago; Net NPA ratio improved to 0.39% from 0.45%.
- · Capital Adequacy Ratio (Basel III) stood at 16.67% as on 30.06.2026, up from 16.42% as on 31.03.2026.
- · Return on Assets (annualized) was 1.51% for Q1 FY27, compared to 1.58% in Q4 FY26 and 1.47% in Q1 FY26.
- · Basic EPS for Q1 FY27 was ₹22.88, up 22.2% YoY from ₹18.73.
- · Diluted EPS for Q1 FY27 was ₹22.75, up 22.0% YoY from ₹18.64.
- · The bank infused ₹1,499.26 Cr in Axis Finance Limited and ₹380.60 Cr in Axis Max Life Insurance Limited during the quarter.
- · On July 13, 2026, Axis Finance Limited allotted 4,33,99,991 equity shares to Kedaara entities for ₹92 Cr, diluting Axis Bank's stake to 94.92%.
- · The bank made an additional one-time provision of ₹2,001 Cr in Q4 FY26 for standard assets, which was not drawn down in Q1 FY27.
- · Tax expense for Q4 FY26 and FY26 was lower by ₹193.20 Cr due to tax depreciation on intangibles from the Citi acquisition.
- · Consolidated net profit for the group was ₹7,632.31 Cr for Q1 FY27, up 22.2% YoY from ₹6,243.72 Cr.
- · Consolidated basic EPS for Q1 FY27 was ₹24.55, up 21.8% YoY from ₹20.15.
18-07-2026
Axis Bank reported Q1FY27 net profit of ₹7,114 crore, up 23% YoY, driven by positive operating jaws and stable asset quality. Core operating profit rose 10% YoY to ₹11,122 crore, while net interest income grew 8% YoY to ₹14,646 crore. However, retail loan growth was relatively modest at 8% YoY, and the CASA ratio on a month-end basis declined 1% QoQ, indicating some deposit mix pressure.
- · Net Interest Margin (NIM) stood at 3.46% for Q1FY27.
- · CASA ratio was 37% on QAB basis and 38% on MEB basis.
- · Cost of funds decreased 35 bps YoY and 2 bps QoQ.
- · Average LCR during Q1FY27 was ~119%.
- · Book value per equity share increased to ₹681 as on June 30, 2026 from ₹596 as on June 30, 2025.
- · ~91% of corporate book is rated A- and above.
- · 74% of investments are in HTM category, 11% in AFS, 13% in FVTPL, and 2% in subsidiaries and associates.
- · 98% share of digital transactions in the Bank's total financial transactions by individual customers.
- · 46% of new mutual fund SIPs sourced through digital channels.
- · 66% of SA accounts opened through tab banking.
- · 48% of individual retail term deposits (by value) opened digitally.
- · Axis Bank has 480 APIs hosted on its API Developer Portal.
- · The Bank has not drawn down from the West Asia provision of ₹2,001 crores created in Q4FY26.
18-07-2026
Axis Bank reported Q1FY27 net profit of ₹7,114 crore, up 23% YoY, driven by positive operating jaws and stable asset quality. Core operating profit rose 10% YoY to ₹11,122 crore, while net interest income grew 8% YoY to ₹14,646 crore. However, retail loan growth was relatively modest at 8% YoY, and the CASA ratio on a month-end basis declined 1% QoQ, indicating some deposit mix pressure.
- · Net Interest Margin (NIM) stood at 3.46% for Q1FY27.
- · Cost of funds decreased by 35 bps YoY and 2 bps QoQ.
- · CET-1 ratio at 14.64%, added 26 bps in the quarter; CAR at 16.67%.
- · Book value per equity share increased to ₹681 from ₹596 a year ago.
- · Wealth management AUM grew 20% YoY to ₹7,53,819 crore; Burgundy Private AUM grew 16% YoY to ₹2,68,058 crore.
- · Axis Bank announced a ₹100 crore partnership with BITS Pilani for an Industry Research Park in Hyderabad.
- · Axis Finance raised ₹2,250 crore capital from Axis Bank and Kedaara Capital.
- · The Bank has not drawn down from the West Asia provision of ₹2,001 crore created in Q4FY26.
- · Share of digital transactions in total financial transactions by individual customers stood at 98%.
- · Retail fees grew only 2% YoY, lagging overall fee growth of 7% YoY.
18-07-2026
Yes Bank reported a 33.7% YoY increase in standalone net profit to ₹1,07,099 Lakh for Q1 FY27, driven by a 5.9% rise in interest earned and a 25.5% jump in operating profit. However, the bank's treasury segment profit fell sharply by 50.7% YoY, and the retail banking segment, while improving, remained marginally profitable. The bank also disclosed a pending Supreme Court judgment on the write-down of AT-1 bonds, which could have a future financial impact.
- · The bank's standalone Net Interest Income (implied by Interest earned minus Interest expended) was ₹2,78,646 Lakh for Q1 FY27, up from ₹2,37,147 Lakh in Q1 FY26, a 17.5% increase.
- · Standalone other income was ₹1,79,794 Lakh, up 2.6% YoY from ₹1,75,223 Lakh.
- · Standalone provisions and contingencies increased 38.9% YoY to ₹39,448 Lakh from ₹28,401 Lakh.
- · The bank's net worth (standalone) grew 7.6% YoY to ₹52,33,768 Lakh.
- · The bank's debt-equity ratio improved to 0.66 from 0.69 a year ago.
- · Total debts to total assets ratio stood at 14.7%, down from 16.2% a year ago.
- · The bank acquired loans worth ₹3,107 Crore and sold loans worth ₹211 Crore during the quarter through assignment/novation.
- · The bank transferred ₹728 Crore from Investment Fluctuation Reserve to Profit & Loss account during the quarter.
- · The subsidiary, YES Securities (India) Limited, contributed total revenues of ₹8,288 Lakh and net profit of ₹82 Lakh to the consolidated results.
- · The Supreme Court has reserved judgment on the AT-1 bond write-down case, with final arguments concluded on May 20, 2026.
18-07-2026
ICICI Bank reported standalone net profit of ₹14,804.50 crore for Q1 FY27 (June 2026), up 16.0% YoY from ₹12,768.21 crore in Q1 FY26, driven by strong operating profit growth of 8.8% YoY. Total income rose 5.4% YoY to ₹54,246.84 crore, while asset quality improved with gross NPA ratio declining to 1.38% from 1.67% a year ago. However, provisions (other than tax) surged to ₹1,260.45 crore from ₹96.16 crore in the preceding quarter (Q4 FY26), and operating expenses grew 10.4% YoY, partly offsetting revenue gains. The Board also approved the appointment of Mr. Mrugank Paranjape as an Additional Independent Director and a revised overseas borrowing limit of up to USD 2.50 billion.
- · Basic EPS for Q1 FY27 stood at ₹20.65 (not annualised), up from ₹17.91 in Q1 FY26.
- · Return on Assets (annualised) improved to 2.49% in Q1 FY27 from 2.44% in Q1 FY26.
- · Net worth increased to ₹3,43,010.80 crore at June 30, 2026 from ₹2,96,601.72 crore a year ago.
- · Total deposits grew to ₹18,33,585.79 crore at June 30, 2026 from ₹16,08,517.32 crore a year ago.
- · Advances rose to ₹16,31,259.71 crore at June 30, 2026 from ₹13,64,157.06 crore a year ago.
- · The Bank sold stressed NPAs with aggregate principal outstanding of ₹239.47 crore to ARCs and ₹Nil to permitted transferees during Q1 FY27.
- · The Bank acquired loans not in default worth ₹2,653.52 crore and sold ₹597.79 crore under assignment/participation during Q1 FY27.
- · Security receipts held by the Bank totaled ₹724.31 crore (carrying value net of specific provision) at June 30, 2026.
- · The Board meeting commenced at 9:55 a.m. and concluded at 1:58 p.m. on July 18, 2026.
- · The revised notice of the 32nd Annual General Meeting scheduled for August 21, 2026 will include the resolution for Mr. Paranjape's appointment.
18-07-2026
ICICI Bank reported standalone net profit of ₹14,804.50 Cr for Q1 FY2027, up 15.95% YoY from ₹12,768.21 Cr in Q1 FY2026 and up 8.05% QoQ from ₹13,701.68 Cr in Q4 FY2026. Total income grew 5.43% YoY to ₹54,246.84 Cr, driven by higher interest earned (+6.3% YoY) and other income. Asset quality improved with Gross NPA ratio declining to 1.38% from 1.67% a year ago, while Net NPA ratio remained low at 0.35% (vs 0.41% last year). However, operating expenses rose 10.36% YoY to ₹12,574.34 Cr, mainly due to higher other operating expenses, and Net NPA ratio edged up slightly from 0.33% in the preceding quarter. The Board also approved the appointment of Mr. Mrugank Paranjape as an independent director and raised the overseas borrowing limit to USD 2.50 billion.
- · Interest earned (Q1 FY2027): ₹45,670.78 Cr vs ₹42,946.91 Cr in Q1 FY2026 (+6.3% YoY).
- · Other income (Q1 FY2027): ₹8,576.06 Cr vs ₹8,504.90 Cr in Q1 FY2026 (+0.8% YoY).
- · Interest expended (Q1 FY2027): ₹21,286.43 Cr vs ₹21,312.45 Cr in Q1 FY2026 (flat).
- · Employee cost (Q1 FY2027): ₹5,004.64 Cr vs ₹4,743.08 Cr in Q1 FY2026 (+5.5% YoY).
- · Other operating expenses (Q1 FY2027): ₹7,569.70 Cr vs ₹6,650.44 Cr in Q1 FY2026 (+13.8% YoY).
- · Provisions (other than tax) declined sharply to ₹1,260.45 Cr from ₹1,814.57 Cr a year ago, driven by lower NPA provisions.
- · Basic EPS (not annualised): ₹20.65 for Q1 FY2027 vs ₹17.91 for Q1 FY2026; diluted EPS: ₹20.42 vs ₹17.63.
- · Capital adequacy ratio (Basel III) stood at 16.84% (June 30, 2026) vs 17.18% (March 31, 2026) and 16.31% (June 30, 2025).
- · Return on assets (annualised): 2.49% (Q1 FY2027) vs 2.44% (Q1 FY2026) and 2.40% (Q4 FY2026).
- · Net worth increased to ₹3,43,010.80 Cr at June 30, 2026 from ₹3,26,794.68 Cr at March 31, 2026.
- · Deposits grew to ₹1,833,585.79 Cr (June 30, 2026) from ₹1,794,624.98 Cr (March 31, 2026) and ₹1,608,517.32 Cr (June 30, 2025).
- · Advances rose to ₹1,631,259.71 Cr (June 30, 2026) from ₹1,553,892.95 Cr (March 31, 2026).
- · The Board approved appointment of Mr. Mrugank Paranjape as Additional Independent Director from August 1, 2026 to July 31, 2031, subject to shareholder approval.
- · Revised limit for overseas borrowing: up to USD 2.50 billion (bonds/notes/offshore CDs).
- · Notes include details of loans sold/acquired: loans not in default sold ₹597.79 Cr, acquired ₹2,653.52 Cr; stressed loans sold to ARCs ₹239.47 Cr principal outstanding, net book value ₹22.63 Cr, consideration ₹214.45 Cr.
18-07-2026
Axis Bank Limited filed a statement under Regulation 52(7) and 52(7A) of the SEBI Listing Regulations for the quarter ended June 30, 2026, confirming that no fund raising was done during Q1FY27. Consequently, there is no deviation or variation in the use of issue proceeds, and the relevant sections are marked 'Not Applicable'.
- · No fund raising was done during Q1FY27 (April 1, 2026 to June 30, 2026).
- · The filing is a routine compliance disclosure under SEBI Listing Regulations.
- · The statement covers both utilization of issue proceeds and deviation/variation in use of issue proceeds, both marked 'NA'.
18-07-2026
Punjab National Bank reported standalone net profit of ₹525329 Lakh for Q1 FY26 (quarter ended June 30, 2026), a massive increase of 213.6% from ₹167500 Lakh in Q1 FY25. Net interest income rose 2.9% YoY to ₹3289726 Lakh, while operating profit grew 6.1% YoY. However, provisions and contingencies increased 67.5% YoY to ₹54119 Lakh, and gross NPAs remained elevated at 2.78% of advances, though improved from 3.78% a year ago. The Board also approved the transfer of ₹4143.55 Crore from Investment Fluctuation Reserve to General Reserve following RBI's discontinuation of IFR requirements.
- · Standalone net profit for Q1 FY26 was ₹525329 Lakh vs ₹522511 Lakh in Q4 FY26 (sequential increase of 0.5%).
- · Consolidated net profit for Q1 FY26 was ₹581472 Lakh, up from ₹211988 Lakh in Q1 FY25 (174.3% YoY increase).
- · Standalone gross NPA amount stood at ₹3538080 Lakh as on June 30, 2026, down from ₹3712412 Lakh as on March 31, 2026.
- · Standalone net NPA amount was ₹360956 Lakh as on June 30, 2026, compared to ₹413224 Lakh a year ago.
- · The Bank holds additional provision of ₹2377.53 Crore in 15 accounts under RBI Stressed Assets Directions.
- · Floating provision of ₹390 Crore was made during the quarter, bringing total floating provision to ₹2435 Crore.
- · MSME restructuring under RBI circular involved 1455 accounts with amount of ₹288.65 Crore.
- · COVID Resolution Framework 2.0 restructuring involved 8557 accounts with amount of ₹1126.65 Crore.
- · Canara HSBC Life Insurance Company ceased to be an associate w.e.f. October 17, 2025 due to share sale via OFS-IPO.
- · JSC (Tengri Bank), Kazakhstan, an associate with 41.64% shareholding, is under liquidation.
18-07-2026
Kotak Mahindra Bank Limited announced its consolidated unaudited financial results for the quarter ended June 30, 2026, with interest earned increasing to ₹18,354.57 crore from ₹17,248.31 crore in the same quarter last year, a 6.4% YoY increase. However, the sequential comparison shows a more modest 3.0% increase from the March 2026 quarter (₹17,827.36 crore). The results were reviewed by joint auditors Deloitte Haskins & Sells and M M Nissim & Co LLP, who issued an unmodified conclusion, though they noted that certain subsidiaries' financials were not reviewed by their auditors and that the actuarial valuation of life insurance liabilities relied on the appointed actuary's certificate.
- · Interest on advances/bills grew to ₹13,222.28 crore in Q1 FY27 from ₹12,346.19 crore in Q1 FY26 (7.1% YoY increase).
- · Income on investments remained nearly flat at ₹4,270.42 crore in Q1 FY27 versus ₹4,268.08 crore in Q1 FY26 (0.05% increase).
- · Interest on balances with RBI and other interbank funds increased to ₹659.17 crore in Q1 FY27 from ₹470.90 crore in Q1 FY26 (40.0% YoY increase).
- · Other interest income grew to ₹202.70 crore in Q1 FY27 from ₹163.14 crore in Q1 FY26 (24.3% YoY increase).
- · The board meeting commenced at 10:30 a.m. IST and the financial results approval concluded at 12:20 p.m. IST on July 18, 2026.
- · The auditors noted that the actuarial valuation of life insurance liabilities for Kotak Mahindra Life Insurance Company relied on the certificate of the Appointed Actuary.
- · Sonata Finance Private Limited merged with BSS Microfinance Limited effective October 11, 2025, with an appointed date of April 1, 2025.
- · Kotak Mahindra Capital Company Limited divested 30.99% of its 49.99% stake in Infina Finance Private Limited on March 24, 2026, causing Infina to cease being an associate.
18-07-2026
Kotak Mahindra Bank reported consolidated net profit of ₹5,480.46 crore for Q1 FY27 (June 2026 quarter), up 22.5% YoY from ₹4,472.18 crore in Q1 FY26. Total income grew 12.6% YoY to ₹30,068.60 crore, driven by strong performance in Corporate/Wholesale Banking (+11.4% YoY segment profit) and Asset Management (+32.7% YoY segment profit). However, Retail Banking segment revenue declined 3.6% YoY, and the Digital Banking sub-segment posted a very modest profit of ₹16.02 crore, down 60% QoQ. The Bank also disclosed the planned acquisition of Deutsche Bank's retail, private banking and wealth management business in India, subject to regulatory approvals.
- · Consolidated operating profit (PBT before provisions) grew 12.2% YoY to ₹8,273.69 crore.
- · Provisions and contingencies (consolidated) fell sharply by 42.1% YoY to ₹764.83 crore from ₹1,321.17 crore in Q1 FY26.
- · Standalone Net Interest Income (Interest earned minus Interest expended) was ₹7,928.43 crore for Q1 FY27, up 9.2% YoY from ₹7,259.29 crore in Q1 FY26.
- · Standalone Capital Adequacy Ratio (Basel III) stood at 22.78% as of 30 June 2026, slightly down from 23.00% a year ago.
- · The Bank's Board approved the acquisition of loan assets aggregating ~₹9,587 crore from Kotak Mahindra Investments Limited (KMIL), effective 1 July 2026.
- · 13 subsidiaries (out of 20) were not reviewed by their auditors; their combined revenue was ₹874.76 crore and net profit ₹347.48 crore for the quarter.
- · The Bank's share of net loss from associates (unreviewed) was ₹6.60 crore for the quarter.
- · The actuarial valuation of life insurance liabilities for Kotak Mahindra Life Insurance Company was certified by the Appointed Actuary and relied upon by auditors.
- · The Bank allotted 244,203 equity shares (face value ₹1 each) during the quarter pursuant to exercise of employee stock options.
- · Standalone net worth was ₹140,480.03 crore as of 30 June 2026, up from ₹123,168.20 crore a year ago.
18-07-2026
Punjab National Bank reported a net profit of ₹5,253 Cr for Q1 FY27, up 213.6% YoY, driven by strong operating profit of ₹7,519 Cr (+17.2% YoY) and improved asset quality. Global business grew 10.2% YoY to ₹29,97,970 Cr, with global advances rising 12.7% YoY to ₹12,73,132 Cr. However, domestic CASA share declined slightly to 36.7% from 37.0% a year ago, and overseas deposits fell 11.9% QoQ.
- · Return on Assets (ROA) improved 67 bps YoY to 1.04% (annualized).
- · Book Value Per Share (Tangible) rose 6.2% YoY to ₹108.58.
- · CRAR stood at 17.74% with CET1 at 15.41% as of June 2026.
- · Gross NPA amount reduced to ₹35,381 Cr from ₹51,263 Cr a year ago.
- · Net NPA amount fell to ₹3,433 Cr from ₹5,930 Cr YoY.
- · Credit cost was negative for Q1 FY27 (annualized).
- · Retail advances (excl. IBPC) grew 17.5% YoY; vehicle loans surged 34.4% YoY.
- · Overseas advances grew 36.3% YoY to ₹69,273 Cr.
- · Agriculture advances grew 11.6% YoY; MSME advances grew 19.8% YoY.
- · Corporate & other advances grew 10.0% YoY but declined 0.4% QoQ.
- · CASA deposits grew 7.8% YoY but CASA share slipped to 36.7% from 37.0%.
- · Investment portfolio decreased to ₹4,81,990 Cr from ₹5,05,731 Cr YoY.
- · Modified duration of AFS+HFT portfolio was 3.25 years as of June 2026.
- · NBFC portfolio grew to ₹2,21,717 Cr from ₹1,67,751 Cr YoY.
- · PM Surya Ghar Yojana sanctions were ₹5,660 Cr in Q1 FY27 vs ₹5,850 Cr in Q1 FY26.
- · PM-Vidyalaxmi Scheme sanctioned ₹183 Cr across 1,246 applications as of June 2026.
18-07-2026
18-07-2026
Punjab National Bank reported a 213.6% YoY surge in net profit to ₹5,253 Crore for Q1 FY'27, driven by strong growth in global business (+10.2% YoY) and improved asset quality (GNPA ratio down 100 bps to 2.78%). However, Net Interest Income growth was modest at 2.1% YoY, and the CASA share remained relatively flat at 36.7%.
- · Global Net Interest Margin improved to 2.50% in Q1 FY’27 from 2.47% in Q4 FY’26.
- · CRAR increased to 18.13% as on June’26 from 17.50% as on June’25.
- · Book value per share (Tangible) ₹108.58 in June’26 from ₹92.64 in June’25.
- · CD Ratio stood at 73.8% as on June'26 as against 71.1% in June’25.
- · Slippage ratio improved by 3 bps on Y-o-Y basis to 0.68% as on Q1 FY'27 from 0.71% as on Q1 FY’26.
- · Business per employee improved to ₹29.71 Crore as on June’26 from ₹27.30 Crore as on June’25.
- · Business per branch improved to ₹278.28 Crore as on June’26 from ₹257.39 Crore as on June’25.
- · Net profit per employee stands at ₹21.71 Lakhs as on Q1 FY’27.
- · Net profit per branch stands at ₹203.37 Lakhs as on Q1 FY’27.
- · PMJDY accounts increased to 573.46 Crore as on June’26 from 539 Crore as on June’25.
- · Enrollments under PMJJBY increased to 95.72 Lakh, PMSBY to 357.00 Lakh, APY to 59.77 Lakh as on June'26.
- · Bank has 10359 domestic branches and 2 International Branches.
- · Distribution: Metro 1761 (17.0%), Urban 2041 (19.7%), Semi Urban 2548 (24.6%), Rural 4009 (38.7%).
- · Awards: Golden Peacock National Training Award, APY Annual Awards, Platinum Award for Treasury Transformation, Winner in Climate Finance, BAANKNET Highest Value Realization Award, Platinum Award for Product Innovation.
18-07-2026
Kotak Mahindra Bank reported consolidated PAT of ₹5,480 Cr for Q1FY27, up 23% YoY from ₹4,472 Cr, driven by strong performance across most subsidiaries. Bank standalone PAT grew 26% YoY to ₹4,123 Cr. However, net interest margin (NIM) declined to 4.53% from 4.65% YoY, CASA ratio slipped to 40.3% from 40.9% YoY, and credit cost improved sharply to 0.46% from 0.93% YoY.
- · Kotak Mahindra Prime PAT grew 30% YoY to ₹354 Cr, with ROA of 2.8%.
- · Kotak Securities PAT grew 14% YoY to ₹533 Cr, cash market share improved to 10.4% from 10.1%.
- · Kotak Mahindra AMC PAT grew 23% YoY to ₹399 Cr, equity AAUM market share 6.52%.
- · Kotak Mahindra Life Insurance total premium grew 28.4% YoY to ₹3,674 Cr, solvency ratio 2.20x.
- · International subsidiaries PAT declined 32% YoY to ₹29 Cr.
- · Associates swung from PAT of ₹43 Cr to loss of ₹7 Cr.
- · Bank's cost-to-income ratio improved to 45.6% from 46.2% YoY.
- · CASA ratio declined sequentially from 43.3% in Mar'26 to 40.3% in Jun'26.
- · Slippages ratio improved to 1.03% from 1.63% YoY.
- · SMA-2 outstanding as on Jun'26: ₹249 Cr, up from ₹194 Cr in Mar'26.
- · Unsecured retail advances increased by ₹707 Cr during the quarter, now 8.8% of net advances.
- · Consolidated BVPS grew 14% YoY to ₹189.
- · Kotak Securities executed 9 ECM bulk/block deals and 1 OFS worth USD 2.4 bn in Q1FY27.
18-07-2026
Kotak Mahindra Bank reported strong YoY profit growth for Q1FY27, with standalone PAT up 26% to ₹4,123 crore and consolidated PAT up 23% to ₹5,480 crore. Net interest income grew 9% YoY to ₹7,928 crore, while asset quality improved with GNPA down to 1.18% from 1.48%. However, net interest margin (NIM) declined to 4.53% from 4.65% YoY, and the CASA ratio slipped to 40.3% from 40.9%. QoQ profit growth was modest at 2% standalone and 1% consolidated, and credit cost rose sequentially to 0.46% from 0.39% in Q4FY26.
- · NIM declined to 4.53% in Q1FY27 from 4.65% YoY and 4.67% QoQ.
- · Cost of funds improved to 4.46% from 5.01% YoY.
- · Credit to Deposit ratio increased to 89.4% from 86.7% YoY.
- · Standalone ROA annualised 2.14%, ROE 11.98%.
- · Consolidated ROA 2.18%, ROE 11.90%.
- · Consolidated Average Liquidity Coverage Ratio stood at 138% for Q1FY27.
- · Book Value per Share increased to ₹189 from ₹166 YoY.
- · CASA ratio slipped to 40.3% from 40.9%.
- · Credit cost rose sequentially to 0.46% from 0.39% in Q4FY26.
- · Infina divestment gains impacted Q4FY26 Kotak Mahindra Capital PAT.
18-07-2026
Yes Bank reported Q1 FY26 standalone net profit of ₹107,099 Lakhs (₹1,071 Cr), up 33.7% YoY from ₹80,107 Lakhs in Q1 FY25, driven by a 25.5% YoY rise in operating profit to ₹170,397 Lakhs. However, provisions (other than tax) surged 38.9% YoY to ₹39,448 Lakhs, and the Capital Adequacy Ratio (Basel III) declined to 15.1% from 15.8% a year ago. Retail Banking segment remained a drag with a segment profit of only ₹3,572 Lakhs, though it improved sharply from a loss of ₹66,804 Lakhs in Q1 FY25.
- · The Board also approved a revised Notice for the 22nd Annual General Meeting (AGM) scheduled for August 19, 2026; the date and business items remain unchanged.
- · Debt-equity ratio improved to 0.66 from 0.72 in Q4 FY26 and 0.69 in Q1 FY25.
- · Total debts to total assets ratio stood at 14.7% vs 13.8% in Q4 FY26 and 16.2% in Q1 FY25.
- · Treasury segment profit declined sharply by 50.6% YoY to ₹50,676 Lakhs from ₹1,02,678 Lakhs.
- · Corporate Banking segment profit fell 18.1% QoQ to ₹63,096 Lakhs from ₹81,673 Lakhs in Q4 FY26.
- · Retail Banking segment turned profitable at ₹3,572 Lakhs vs a loss of ₹31,796 Lakhs in Q4 FY26 and a loss of ₹66,804 Lakhs in Q1 FY25.
- · Digital Banking sub-segment reported a marginal loss of ₹39 Lakhs (Q1 FY26), similar to prior periods.
- · Net worth increased to ₹52,33,768 Lakhs from ₹48,64,423 Lakhs a year ago.
- · Earnings per share (basic) improved to ₹0.34 from ₹0.26 in Q1 FY25.
- · The Bank confirmed full utilization of non-convertible debt securities issue proceeds with no deviations.
- · No outstanding secured listed non-convertible debt securities as on June 30, 2026.
18-07-2026
Yes Bank reported Q1FY27 net profit of INR 1,071 Cr, up 33.7% YoY but only 0.2% QoQ. NIM improved 20 bps YoY to 2.7%, and cost-to-income ratio improved 420 bps YoY to 62.8%. However, RoA declined sequentially to 0.9% from 1.0% in Q4FY26, and deposits fell 1.1% QoQ. Asset quality improved with GNPA at 1.3% (down 30 bps YoY) and NNPA at 0.2% (down 10 bps YoY). The bank received multiple credit rating upgrades.
- · CET I ratio stable at 14.0% vs 14.0% in Q1FY26 and 13.8% in Q4FY26
- · Average LCR improved to 138.2% from 119.0% in Q4FY26
- · PSL shortfall deposits reduced 25.4% YoY to INR 27,449 Cr
- · Retail & Branch-led Deposits grew 10.8% YoY, comprising 59.2% of total deposits
- · Credit rating upgrades: Moody's to Ba1, CARE to AA+, ICRA to AA, S&P inaugural BB+
- · Included in FTSE4Good Index for fourth consecutive year
- · Won 'Most Sustainable Bank' award at Business Today 2026
18-07-2026
ICICI Bank reported a 15.9% YoY increase in standalone PAT to ₹14,804.50 Cr for Q1 FY27, driven by a 12.7% rise in Net Interest Income and strong fee income growth of 23.5%. However, the bank's asset quality showed a mixed picture as the Net NPA ratio slightly increased to 0.35% from 0.33% in the prior quarter, while the Gross NPA ratio improved to 1.38%. Additionally, the General Insurance subsidiary saw a sharp decline in PAT, falling to ₹403 Cr from ₹747 Cr in the same quarter last year.
- · The Bank's total capital adequacy ratio (Basel III) stood at 16.84% and CET-1 ratio at 16.19% on a standalone basis at June 30, 2026.
- · Provisions (other than tax) and contingencies on a standalone basis were ₹1,260.45 Cr in Q1-2027, down from ₹1,814.57 Cr in Q1-2026.
- · The Bank continues to hold a contingency provision of ₹13,100.00 Cr and an additional standard asset provision of ₹1,283.00 Cr as directed by RBI.
- · The Bank's retail loan portfolio grew 12.0% YoY and comprised 49.2% of the total loan portfolio at June 30, 2026.
- · The business banking portfolio grew by 28.2% YoY and the rural portfolio grew by 35.4% YoY.
- · The provisioning coverage ratio on non-performing loans was 74.7% at June 30, 2026.
- · ICICI Prudential Life Insurance's Value of New Business (VNB) increased to ₹571 Cr in Q1-2027 from ₹457 Cr in Q1-2026, with a VNB margin of 26.7%.
- · ICICI Lombard General Insurance's combined ratio deteriorated to 107.2% in Q1-2027 from 102.9% in Q1-2026.
- · The Bank allotted 13,503,175 equity shares of ₹2 each during Q1-2027 pursuant to exercise of employee stock options.
- · The standalone Net Interest Margin (NIM) was 4.36% in Q1-2027, compared to 4.32% in Q4-2026 and 4.34% in Q1-2026.
18-07-2026
HDFC Bank's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at a meeting held on July 18, 2026. The results, along with the limited review reports and a press release, have been filed with the stock exchanges and will be published in newspapers. The trading window for designated persons will open on July 21, 2026.
- · The Board meeting commenced at 11:00 a.m. and the results were approved at 2:00 p.m. on July 18, 2026.
- · The trading window for designated persons and their immediate relatives will open on July 21, 2026.
18-07-2026
HDFC Bank Limited filed an intimation with stock exchanges regarding an earnings call presentation for the quarter ended June 30, 2026. The presentation was made available on the bank's website ahead of the call scheduled for July 18, 2026. No financial figures or performance details were disclosed in this filing.
- · The earnings call was scheduled for July 18, 2026 at 16:00 hours IST.
- · The presentation link was provided on the bank's investor relations page.
- · The filing references a prior letter dated July 9, 2026 regarding the earnings call.
18-07-2026
Kotak Mahindra Bank reported strong Q1FY27 results with standalone PAT of ₹4,123 crore (up 26% YoY) and consolidated PAT of ₹5,480 crore (up 23% YoY). However, Net Interest Margin (NIM) declined to 4.53% from 4.65% a year ago and 4.67% in the prior quarter, while the CASA ratio slipped to 40.3% from 40.9% a year ago. The bank also issued a correction to its media release, revising the consolidated Average LCR from 138% to 144%.
- · The bank issued a correction to its media release, revising the consolidated Average LCR from 138% to 144%.
- · Standalone PAT grew only 2% QoQ (from ₹4,027 crore to ₹4,123 crore), while NII was nearly flat QoQ (+1%).
- · Fees and services declined 10% QoQ from ₹2,767 crore in Q4FY26 to ₹2,500 crore in Q1FY27.
- · Cost of funds improved to 4.46% from 5.01% a year ago, but was nearly flat compared to 4.45% in Q4FY26.
- · Credit cost (annualised) improved to 0.46% from 0.93% a year ago, but was slightly higher than 0.39% in Q4FY26.
- · Kotak Mahindra Capital PAT was flat YoY at ₹89 crore (excluding Infina divestment gains).
- · Consolidated PAT increased by 5% QoQ excluding gains on Infina divestment.
- · The bank's capital adequacy remains strong at 22.8% (standalone) and 22.9% (consolidated).
18-07-2026
Axis Bank has appointed Rajeev Mantri as Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 28, 2026, following the resignation of Puneet Sharma. Mantri, a 49-year-old chartered accountant with an INSEAD MBA, brings nearly three decades of experience from Bandhan Bank, Citibank, Standard Chartered, and Mashreq. The appointment was approved by the Board based on recommendations from the Nomination and Remuneration and Audit Committees.
- · The Board meeting commenced at 9:00 am IST and concluded at 3:55 pm IST on July 18, 2026.
- · Mantri's appointment satisfies qualifications under the RBI (Commercial Banks - Governance) Directions, 2025.
- · Mantri is a Chartered Accountant from ICAI India and holds a Global Executive MBA from INSEAD Business School, Singapore.
- · No disclosure of relationships between directors was applicable for this appointment.
18-07-2026
ICICI Bank reported a 15.9% YoY increase in profit after tax to ₹148.05 bn for Q1-2027, driven by strong core operating profit growth of 15.6% YoY. However, asset quality showed slight deterioration with the net NPA ratio increasing to 0.35% from 0.33% in the prior quarter, and the provision coverage ratio declining to 74.7% from 75.8%. While domestic corporate and business banking loan growth was robust at 18.5% and 28.2% YoY respectively, the credit card portfolio contracted by 1.9% YoY.
- · Average CASA ratio declined to 38.1% in Q1-2027 from 38.7% in Q1-2026.
- · Overseas book grew 52.5% YoY to ₹502.75 bn.
- · Retail segment PBT declined to ₹62.39 bn in Q1-2027 from ₹69.27 bn in Q4-2026.
- · Wholesale segment PBT grew to ₹74.79 bn in Q1-2027 from ₹53.87 bn in Q1-2026.
- · Weighted average EPS increased to ₹82.6 in Q1-2027 from ₹71.6 in Q1-2026.
- · Book value per share increased to ₹492.8 at Jun 30, 2026 from ₹429.3 at Jun 30, 2025.
- · Total capital adequacy ratio was 16.84% at Jun 30, 2026.
- · Net interest margin improved to 4.36% in Q1-2027 from 4.34% in Q1-2026.
- · Cost of deposits decreased to 4.41% in Q1-2027 from 4.85% in Q1-2026.
- · About 57% of the domestic loan book has interest rate linked to repo rate and other external benchmarks.
- · Mortgage portfolio constitutes 63.6% of the retail loan book.
- · Personal loans grew 12.9% YoY to ₹1,355.20 bn.
- · Rural loans grew 35.4% YoY to ₹1,044.49 bn.
- · Exposure to NBFCs/HFCs was ₹920.52 bn at Jun 30, 2026, with less than 0.5% rated BB and below or non-performing.
- · Exposure to power sector was ₹643.03 bn at Jun 30, 2026.
18-07-2026
Yes Bank Limited has informed the exchanges that the audio recording of its earnings call for the unaudited financial results for Q1 ended June 30, 2026, is now available on its website. The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No financial figures or performance details are provided in this filing.
- · The earnings call audio is for the quarter ended June 30, 2026 (Q1 FY27).
- · The audio recording was made available on the same day as the filing (July 18, 2026).
- · The weblink for the audio is https://www.yes.bank.in/pdf?name=q1_fy27_analyst_call_audio.
19-07-2026
ICICI Bank Limited has issued the Notice for its 32nd Annual General Meeting (AGM) to be held on August 21, 2026, along with the Annual Report for FY2025-26. The AGM will cover the adoption of audited financial statements, declaration of a dividend, and the re-appointment of Mr. Sandeep Bakhshi as a Director. Key special business includes the appointment of two new Independent Directors (Mr. Ashwani Bhatia and Mr. Mrugank Paranjape), the re-appointment of Ms. Vibha Paul Rishi as an Independent Director, and revisions in remuneration for the MD & CEO and three Executive Directors. The meeting also seeks approval for material related party transactions with subsidiaries and associates for FY2028.
- · The AGM will be held through Video Conferencing/Other Audio Visual Means (VC/OAVM) on Friday, August 21, 2026 at 11:00 a.m. IST.
- · The Annual Report and Notice are available on the Bank's website at https://www.icici.bank.in/about-us/annual.
- · Mr. Ashwani Bhatia was appointed as an Additional Independent Director effective June 1, 2026, with a proposed term from June 1, 2026 to May 31, 2031.
- · Mr. Mrugank Paranjape was appointed as an Additional Independent Director effective August 1, 2026, with a proposed term from August 1, 2026 to July 31, 2031.
- · Ms. Vibha Paul Rishi, currently an Independent Director up to January 22, 2027, is proposed for re-appointment for a second term from January 23, 2027 to December 31, 2028.
- · The Bank seeks approval for material related party transactions with ICICI Prudential Life Insurance Company Limited, ICICI Lombard General Insurance Company Limited, and India Infradebt Limited for FY2028.
- · The Bank also seeks approval for material related party transactions of ICICI Securities Primary Dealership Limited (a subsidiary) with the above entities for FY2028.
- · The filing does not disclose any financial performance figures, dividend amount, or year-over-year comparisons.
18-07-2026
Kotak Mahindra Bank has informed the exchanges that the audio recording of its earnings conference call for the quarter ended June 30, 2026, held on July 18, 2026, is now available on its website. This filing is a procedural disclosure and does not contain any financial figures or performance data.
- · The earnings conference call was held on July 18, 2026 at 3:00 p.m. IST.
- · The audio recording is accessible via the bank's investor relations webpage.
19-07-2026
ICICI Bank has issued the Notice of its 32nd Annual General Meeting (AGM) and Annual Report for FY2025-26. The AGM will be held via video conferencing on August 21, 2026, to transact ordinary business including adoption of financial statements, declaration of dividend, and re-appointment of Mr. Sandeep Bakhshi as a director, along with special business items such as appointment/re-appointment of independent directors, revision in remuneration of key executives, and approval of material related party transactions with subsidiaries for FY2028. No financial performance figures or period-over-period comparisons are provided in this filing.
- · The AGM will be held on August 21, 2026 at 11:00 a.m. IST via Video Conferencing/Other Audio Visual Means.
- · Ordinary business includes adoption of standalone and consolidated financial statements for FY ended March 31, 2026, declaration of dividend, and re-appointment of Mr. Sandeep Bakhshi as a director retiring by rotation.
- · Special business includes appointment of Mr. Ashwani Bhatia (term: June 1, 2026 to May 31, 2031) and Mr. Mrugank Paranjape (term: August 1, 2026 to July 31, 2031) as Independent Directors.
- · Re-appointment of Ms. Vibha Paul Rishi as Independent Director for a second term from January 23, 2027 to December 31, 2028.
- · Revision in remuneration for four key executives: Mr. Sandeep Bakhshi (MD & CEO), Mr. Sandeep Batra, Mr. Rakesh Jha, and Mr. Ajay Kumar Gupta (Executive Directors).
- · Material Related Party Transactions for FY2028 with ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and India Infradebt Limited.
- · Material Related Party Transactions of ICICI Securities Primary Dealership Limited with the same entities for FY2028.
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