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BSE Bankex Banking Sector Regulatory Filings — October 24, 2026

India BSE BANKEX

By Gunpowder Editorial ·

7 high priority 12 medium priority 19 total filings analysed

Executive Summary

Across the 19 filings for the BSE BANKEX stream (all dated 24 Oct 2026), Q2 FY27 results from Kotak Mahindra Bank, AU Small Finance Bank and IDFC FIRST Bank show strong headline profit growth year-on-year, but sequential momentum is flat-to-mixed and margins and deposit mix are under pressure.

Kotak standalone PAT rose 29.5% YoY to Rs 4,212 cr but only 2% QoQ, with NIM compressing to 4.31% from 4.54% and CASA falling to 38.2% from 42.3%, largely on FCNR(B) mobilisation. AU SFB delivered PAT up 52.9% YoY to Rs 858 cr and 7.7% QoQ, with deposits up 29% and loans up 25%, though yield on advances fell 9 bps QoQ and LCR eased to 116%. IDFC FIRST reported PAT of Rs 1,045 cr (up 196.5% YoY) but down 2.8% QoQ, CASA falling 167 bps QoQ to 48.4%, and CAR slipping to 14.67% from 15.05%. The common theme is that FCNR(B) deposit mobilisation under the RBI window is flattering growth and diluting CASA and NIM across peers. The most critical item is Yes Bank's unresolved AT-1 coupon decision following the Supreme Court judgment, which is a clear negative for bondholders and sector sentiment. Management leadership transitions at Kotak (new MD & CEO from 1 Jan 2027) and IDFC FIRST (new Chairperson from May 2027) are governance events to monitor.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Company update · Corporate governance

Tracking the trend? Catch up on the prior BSE Bankex Banking Sector Regulatory Filings digest from October 23, 2026.

Investment Signals (11)

  • Kotak Mahindra Bank ↓ (BULLISH)
    ▲

    Standalone Q2 FY27 PAT Rs 4,212 cr, up 29.5% YoY but only 2% QoQ; consolidated PAT Rs 5,645 cr (+26% YoY, +3% QoQ); gross NPA improved to 1.04% from 1.39% YoY

  • AU Small Finance Bank ↓ (BULLISH)
    ▲

    Q2 FY27 PAT Rs 858 cr, up 53% YoY and 7.7% QoQ; NII up 32% YoY to Rs 2,820 cr; deposits up 29% YoY and loans up 25% YoY

  • AU Small Finance Bank ↓ (BULLISH)
    ▲

    Current account deposits grew 55% YoY and savings grew 23% YoY; stable deposits at 79% of total, supporting funding quality

  • IDFC FIRST Bank ↓ (BULLISH)
    ▲

    Q2 FY27 PAT Rs 1,045 cr, up 196.5% YoY; core RoA 0.92% vs 0.88% QoQ; S&P assigned investment-grade BBB- rating

  • IDFC FIRST Bank ↓ (BULLISH)
    ▲

    Gross NPA ratio improved to 1.32% from 1.86% YoY and net NPA to 0.40% from 0.52% YoY; ex-FCNR(B) loan growth 22.2% vs headline 30.1%

  • Kotak Mahindra Bank ↓ (BULLISH)
    ▲

    Kotak Life Insurance PAT rose to Rs 198 cr from Rs 49 cr YoY, though down from Rs 336 cr QoQ

  • Kotak Mahindra Bank ↓ (BULLISH)
    ▲

    Term deposits grew 22% YoY to Rs 379,765 cr while CET-I stood at 21.4% in Sep'26 vs 20.9% a year earlier

  • Kotak Mahindra Bank ↓ (BEARISH)
    ▲

    NIM compressed to 4.31% from 4.54% YoY and 4.53% QoQ; CASA fell to 38.2% from 42.3%; Kotak Securities PAT down 35% QoQ to Rs 348 cr

  • IDFC FIRST Bank ↓ (BEARISH)
    ▲

    Average CASA ratio fell to 48.4% from 50.1% QoQ, and Certificates of Deposit down 42.6% YoY, signalling funding-mix dilution

  • AU Small Finance Bank ↓ (BEARISH)
    ▲

    Yield on gross advances fell 9 bps QoQ to 13.6%; average LCR declined to 116% from 119%; FCNR mobilisation constrained to about $230mn

  • Yes Bank ↓ (BEARISH)
    ▲

    Still evaluating Supreme Court AT-1 judgment; 9% AT-1 coupon date of 18 Oct 2026 passed without disclosed outcome; no decision timeline given

Risk Flags (9)

  • Yes Bank/AT-1 Bond Coupon↓ [HIGH RISK]
    ▼

    Discretion on the 9% AT-1 coupon (due 18 Oct 2026) remains undecided after the Supreme Court judgment, with bondholder queries pending and no timeline

  • Kotak Mahindra Bank/Margin Compression↓ [HIGH RISK]
    ▼

    NIM down 23 bps YoY to 4.31% and 22 bps QoQ, driven by FCNR(B) mobilisation and a CASA drop of 410 bps YoY

  • Kotak Mahindra Bank/Subsidiary Earnings↓ [MEDIUM RISK]
    ▼

    International subsidiaries PAT down 77% YoY, Kotak Mahindra Prime down 29% QoQ, Alternate Asset Managers down 16% YoY, and Treasury PBT fell to Rs 1,345 cr from Rs 1,821 cr QoQ

  • Kotak Mahindra Bank/Capital Ratio↓ [MEDIUM RISK]
    ▼

    CET-I is 21.4% but pillar 3, leverage, LCR and NSFR consolidated disclosures were not reviewed by auditors

  • AU Small Finance Bank/Cost and NPA Trend↓ [MEDIUM RISK]
    ▼

    Employee costs up roughly 19% YoY to Rs 1,094 cr; gross NPAs rose sequentially to Rs 2,988 cr and net NPAs to Rs 1,205 cr from Rs 1,060 cr; net NPA ratio edged up to 0.81% from 0.76%

  • AU Small Finance Bank/Liquidity↓ [MEDIUM RISK]
    ▼

    Average LCR fell to 116% from 119% a year earlier while CD ratio ex-DFI eased to 80%; MFI collection efficiency improved only marginally to 99.6%

  • IDFC FIRST Bank/Capital and Leverage↓ [MEDIUM RISK]
    ▼

    CAR fell to 14.67% from 15.05% QoQ and 15.60% at FY26 year-end; total debt to total assets rose to 11.47% from 10.67% YoY

  • IDFC FIRST Bank/Macro Asset Quality↓ [MEDIUM RISK]
    ▼

    ICRA flagged asset quality trajectory as monitorable amid West Asia conflict, inflationary pressure and supply chain constraints (sector-wide risk)

  • IDFC FIRST Bank/Sequential Profit↓ [MEDIUM RISK]
    ▼

    PAT declined 2.8% QoQ and Fee & Other Income rose only 3.5% QoQ, indicating decelerating momentum after a strong YoY base

Opportunities (7)

Sector Themes (6)

  • FCNR(B) Deposit Mobilisation Dilutes CASA and NIM (BEARISH)
    ◆

    Kotak (CASA 38.2% vs 42.3% YoY, NIM -23 bps), IDFC FIRST (CASA 48.4% vs 50.1% QoQ) and AU SFB (constrained FCNR raise of about $230mn) all cite FCNR inflows; expect margin pressure to persist across private banks through the RBI window

  • Strong YoY Profit Growth, Weak Sequential Momentum (NEUTRAL)
    ◆

    Kotak PAT +29.5% YoY but +2% QoQ, IDFC FIRST PAT +196.5% YoY but -2.8% QoQ, AU SFB +53% YoY but +7.7% QoQ; base effects flatter YoY numbers and investors should weigh QoQ trends

  • Asset Quality Improving YoY, Stabilising QoQ (MIXED)
    ◆

    GNPA improved YoY at Kotak (1.04% vs 1.39%), IDFC FIRST (1.32% vs 1.86%) and AU SFB (1.99% vs 2.41%), but AU SFB net NPA rose QoQ and IDFC FIRST cited no QoQ improvement

  • Subsidiary and Non-Bank Earnings Volatility (NEUTRAL)
    ◆

    Kotak Securities down 35% QoQ, Kotak Prime down 29% QoQ, insurance segment results down QoQ, and Treasury PBT down QoQ, indicating conglomerate earnings are lumpy

  • Capital Strength Broadly Adequate but Drifting (BEARISH)
    ◆

    Kotak CET-I 21.4%, AU SFB CAR 18.54% (down from 18.93% QoQ), IDFC FIRST CAR 14.67% (down from 15.05% QoQ); capital ratios are trending down sequentially at two of three banks

  • Governance and Leadership Transitions (NEUTRAL)
    ◆

    Kotak (new MD & CEO, SMP appointment of Anu Aggarwal), IDFC FIRST (new Chairperson from May 2027, Pradeep Natarajan re-appointment) and Aashish Kamat's regulatory tenure exit signal orderly succession across large private banks

Watch List (7)

  • Yes Bank/AT-1 Coupon Decision↓
    👁

    Board decision on coupon discretion and Supreme Court judgment implementation; no timeline given, monitor for exchange filings and bondholder reaction

  • Kotak Mahindra Bank/Anup Kumar Saha Takeover↓
    👁

    Member approval of MD & CEO appointment (effective 1 Jan 2027); watch for strategy statements and any NIM/CASA guidance

  • IDFC FIRST Bank/Chairperson Transition↓
    👁

    S. Ganesh Kumar to become Non-Executive Chairperson from 10 May 2027 subject to RBI approval; Aashish Kamat exits as Independent Director on 17 Dec 2026

  • AU Small Finance Bank/Universal Bank Conversion↓
    👁

    RBI in-principle approval valid 18 months from August 2025 (expires around February 2027); watch for conversion steps and NOFHC clarity

  • Sector/FCNR(B) Window Mix
    👁

    Next quarter CASA and NIM trajectory across Kotak, IDFC FIRST and AU SFB will show whether FCNR(B) dilution is one-off or structural; track Q3 FY27 results

  • Kotak Mahindra Bank/Pillar 3 Disclosures↓
    👁

    Consolidated Pillar 3, leverage, LCR and NSFR figures to be posted on the website post-results; review for capital and liquidity clarity

  • IDFC FIRST Bank/S&P Rating Follow-through↓
    👁

    Monitor rating outlook and any subsequent wholesale funding cost improvement following the first BBB- assignment

Filing Analyses (19)
ICICI Bank Limited Company Update positive materiality 6/10

24-10-2026

ICICI Bank disclosed that ICRA and CARE Ratings reaffirmed the credit ratings on its facilities and instruments via press releases dated October 23, 2026. ICRA reaffirmed the Issuer Rating at [ICRA]AAA (Stable), with Basel III Tier II bonds, infrastructure bonds, and certificates of deposit also reaffirmed, while several matured instruments (Rs. 945 crore Basel III Tier II bonds, Rs. 6,500 crore infrastructure bonds, Rs. 40.41 crore long-term bonds) were withdrawn. Rated instrument amounts fell from Rs. 119,279.41 crore to Rs. 111,794.00 crore due to these redemptions.

  • · CARE Ratings also reaffirmed the bank's facility ratings via a press release dated October 23, 2026, though its ratings details are in Annexure II and not reproduced in the filing body
  • · ICRA flagged that asset quality trajectory remains monitorable amid West Asia conflict risks, including inflationary pressure and supply chain constraints
  • · CASA ratio declined to 37.2% from 40.9% a year earlier as the bank raised FCNR(B) deposits amid industry-wide low-cost deposit mobilisation challenges
  • · ICRA expects credit costs to increase slightly in the near term but to remain well below operating profitability
  • · ICRA's negative rating triggers include sustained RoA below 1.0%, CET I falling below 4% above regulatory levels, or a material weakening in the liability franchise
Kotak Mahindra Bank Limited Market Notice neutral materiality 6/10

24-10-2026

Kotak Mahindra Bank's Board, meeting on October 24, 2026, approved the appointment of Anup Kumar Saha as Managing Director & CEO for three years from January 1, 2027, subject to member approval (RBI approval previously received on September 30, 2026). The Board also approved the re-appointment of Ashu Suyash as an Independent Director for a second three-year term from January 24, 2027 to January 23, 2030, subject to member approval. The filing contains no financial figures, so no period-over-period performance comparison is possible.

  • · Anup Kumar Saha joined Kotak in January 2026 and became Whole-time Director in March 2026, overseeing the Retail Bank, Government Business, Data Analytics and Marketing
  • · Saha previously served at Bajaj Finance from October 2017 to January 2026, rising to Managing Director & CEO before resigning in July 2025
  • · Ashu Suyash is Founder & CEO of Colossa Ventures LLP and formerly Managing Director & CEO of CRISIL Limited and a member of S&P Global's Global Operating Committee
  • · Neither director is related to any other Director of the Bank, and the Bank confirmed neither is debarred by SEBI or any other authority
  • · The Board meeting ran from 10:30 a.m. to 3:25 p.m. IST
Kotak Mahindra Bank Limited Market Notice neutral materiality 3/10

24-10-2026

Kotak Mahindra Bank's Board of Directors, at its meeting on October 24, 2026, appointed Ms. Anu Aggarwal, President in the Wholesale Banking Group, as a Senior Management Personnel (SMP) with immediate effect. She is currently Head-Corporate and Transaction Banking (since August 2025), a member of the Key Leadership Team, and has been with the Bank for over 19 years. The filing is a routine Regulation 30 SEBI Listing Regulations intimation and discloses no financial figures.

  • · Ms. Aggarwal joined the Bank in April 2007 and previously headed Conglomerates, Multinationals, New Age companies and Corporate Client Groups in the Wholesale Banking Division
  • · Prior to her current role, she led Lending, Transaction Banking, Foreign Exchange, DCM, ECM and advisory across corporate clients on a pan India basis
  • · She worked at Citibank's Global Corporate and Investment Banking Team for over a decade before joining Kotak
  • · Education: B.Com. in Commerce and Economics from Punjab University and an MBA from JBIMS, Mumbai
  • · She was selected among ET's 'Women Ahead' for 2016
  • · The Board meeting commenced at 10:30 a.m. IST and concluded at 3:25 p.m. IST
  • · The intimation is also published on the Bank's website in compliance with SEBI Listing Regulations
IDFC First Bank Limited Market Notice neutral materiality 5/10

24-10-2026

IDFC First Bank's Board, at its October 24, 2026 meeting, approved three leadership changes subject to RBI and regulatory approvals: S. Ganesh Kumar (Independent Director) to become Part-Time Non-Executive Chairperson from May 10, 2027 to April 29, 2029, succeeding Sanjeeb Chaudhuri whose term expires May 9, 2027; Pradeep Natarajan to be re-appointed Whole-Time Director (Executive Director) for three years from June 1, 2027 to May 31, 2030; and Aashish Kamat to cease as Independent Director on December 17, 2026 on completing his second term and the maximum permissible tenure under the Banking Regulation Act. The filing contains no monetary amounts or financial performance data.

  • · S. Ganesh Kumar is a former Executive Director of the Reserve Bank of India with over three decades of service, including responsibility for payment and settlement systems and foreign exchange reserves.
  • · Pradeep Natarajan has led IDFC FIRST Bank since December 2018 and currently heads Retail Banking.
  • · Aashish Kamat's cessation is driven by regulatory tenure limits rather than resignation, per Annexure C.
  • · The Board meeting ran from 10:00 a.m. to 2:45 p.m. on October 24, 2026.
Kotak Mahindra Bank Limited Corporate Governance mixed materiality 8/10

24-10-2026

Kotak Mahindra Bank reported unaudited consolidated results for Q2 FY27 (quarter ended 30 September 2026), with total income of ₹29,426.88 Cr (up 18.2% YoY from ₹24,901.39 Cr) and profit after tax of ₹5,645.38 Cr (up 26.4% YoY from ₹4,468.27 Cr). Half-year PAT rose to ₹11,125.84 Cr (up 24.4% from ₹8,940.45 Cr). Standalone PAT for the quarter was ₹4,211.97 Cr, up 29.5% YoY from ₹3,253.33 Cr. Growth was not uniform: Treasury, BMU and Corporate Centre net revenue fell 2.6% QoQ... (see below), and Q2 PBT in that segment declined from ₹1,944.90 Cr... Note: Q2 consolidated profit before tax of ₹7,530.30 Cr was broadly flat QoQ versus ₹7,508.86 Cr in Q1 FY27.

  • · Net profit for H1 FY27 (standalone) was ₹8,334.93 Cr, up 27.5% YoY from ₹6,535.01 Cr.
  • · Insurance segment revenue rose to ₹6,361.33 Cr in Q2 FY27 from ₹5,072.74 Cr in Q2 FY26 but was down from ₹8,309.50 Cr in Q1 FY27.
  • · Vehicle Financing revenue of ₹1,124.76 Cr in Q2 FY27 was down 7.3% QoQ from ₹1,213.11 Cr.
  • · Other Lending Activities revenue fell sharply to ₹344.79 Cr in Q2 FY27 from ₹583.26 Cr in Q1 FY27 (down 40.9%).
  • · Gross NPA ratio (standalone) improved to 1.04% from 1.18% in Q1 FY27 and 1.39% in Q2 FY26.
  • · Basel III capital adequacy ratio (standalone) was 21.86%, down from 22.78% in Q1 FY27 and 22.05% in Q2 FY26.
  • · Standalone borrowings rose to ₹55,223.16 Cr from ₹23,911.11 Cr a year earlier, lifting debt-to-equity to 0.38 from 0.19.
  • · Auditors issued unmodified (clean) review reports on both consolidated and standalone results, with a carve-out for consolidated Pillar 3 disclosures (leverage ratio, LCR, NSFR) to be published on the Bank's website.
  • · Kotak Mahindra Investments Limited is to merge with Kotak Alternate Asset Managers Limited (scheme approved by boards on 25 September 2026); no impact on consolidated results.
  • · Kotak Mahindra Capital divested 30.99% of its 49.99% stake in Infina Finance in March 2026 for ₹1,293.91 Cr, booking a pre-tax gain of ₹367.79 Cr in FY26.
Kotak Mahindra Bank Limited Market Update mixed materiality 8/10

24-10-2026

Kotak Mahindra Bank reported unaudited consolidated results for Q2 FY27 (quarter ended 30 September 2026), with consolidated total income of ₹29,426.88 Cr (+18.2% YoY) and profit after tax of ₹5,645.38 Cr (+26.4% YoY), while net interest income growth was more modest (interest earned ₹19,855.87 Cr vs ₹17,198.74 Cr, +15.5% YoY, and interest expended ₹8,680.60 Cr vs ₹7,332.56 Cr, +18.4% YoY). Standalone PAT was ₹4,211.97 Cr (+29.5% YoY). Results were reviewed by joint auditors with unmodified conclusions, except for consolidated Pillar 3 / leverage / LCR / NSFR disclosures, which were not reviewed and will be posted on the Bank's website. Performance was mixed: insurance-segment profit and treasury segment results were volatile, with Q2 treasury profit before tax at ₹1,345.48 Cr versus ₹1,820.91 Cr in Q1 FY27 (a sequential decline).

  • · Standalone net profit for Q2 FY27 was ₹4,211.97 Cr, up 29.5% YoY from ₹3,253.33 Cr
  • · Insurance segment revenue rose to ₹6,361.33 Cr in Q2 FY27 from ₹5,072.74 Cr in Q2 FY26 (+25.4%), but insurance segment results fell QoQ from ₹471.91 Cr to ₹321.38 Cr
  • · Standalone gross NPA ratio improved to 1.04% from 1.39% a year earlier, while net NPA ratio was 0.24% versus 0.32%
  • · Standalone capital adequacy ratio (Basel III) stood at 21.86%, down from 22.05% a year earlier and 22.78% in Q1 FY27
  • · Consolidated net worth includes ₹194,705.70 Cr in share capital, reserves and minority interest as at 30 September 2026
  • · Consolidated Pillar 3, leverage ratio, LCR and NSFR disclosures were not reviewed by auditors and will be published on the Bank's website
  • · Infina Finance Private Limited ceased to be an associate from 24 March 2026 after a partial divestment that generated a pre-tax gain of ₹367.79 Cr
  • · Subsidiary merger: KMIL to merge into KAAML under Section 233 of the Companies Act, 2013, with no impact on consolidated results
Kotak Mahindra Bank Limited Market Notice mixed materiality 8/10

24-10-2026

Kotak Mahindra Bank reported standalone PAT of ₹ 4,212 crore for Q2FY27, up 29% YoY and 2% QoQ, with consolidated PAT of ₹ 5,645 crore, up 26% YoY and 3% QoQ. Growth was broad-based, but NIM compressed to 4.31% from 4.54% a year earlier, largely due to FCNR(B) mobilisation, and CASA ratio fell to 38.2% from 42.3%.

  • · Kotak Life Insurance PAT rose to ₹ 198 crore from ₹ 49 crore in Q2FY26, though it fell from ₹ 336 crore in Q1FY27
  • · Kotak Securities PAT was flat YoY at ₹ 348 crore but declined 35% QoQ from ₹ 533 crore
  • · Kotak Alternate Asset Managers PAT fell 16% YoY to ₹ 87 crore from ₹ 104 crore
  • · Kotak Mahindra Prime PAT rose only 2% YoY to ₹ 251 crore and fell 29% QoQ from ₹ 354 crore
  • · Excluding FCNR(B) deposits, total deposits grew 13% YoY, versus 23% headline growth
  • · Consolidated Average LCR was 137.4% for Q2FY27
  • · Book value per share rose 16% YoY to ₹ 196, adjusted for the 1-to-5 share subdivision effective January 14, 2026
  • · Cost to assets improved to 2.40% from 2.67% a year earlier
Kotak Mahindra Bank Limited Market Notice mixed materiality 8/10

24-10-2026

Kotak Mahindra Bank filed its Q2FY27 investor presentation (period ended 30 September 2026) for its earnings call. Consolidated PAT rose 26% YoY to ₹ 5,645 cr from ₹ 4,468 cr, and Bank standalone PAT rose 29% YoY to ₹ 4,212 cr from ₹ 3,253 cr. However, Q2FY27 consolidated PAT grew only 3% QoQ, Bank PAT grew only 2% QoQ, and several subsidiaries declined sharply: Kotak Mahindra Life Insurance (-41% QoQ), Kotak Mahindra Prime (-29% QoQ), Kotak Alternate Asset Managers (-16% YoY) and International Subsidiaries (-77% YoY).

  • · Bank CET-I ratio fell to 21.4% in Sep'26 from 22.4% in Jun'26 and rose from 20.9% in Sep'25
  • · Bank CASA ratio declined to 38.2% from 42.3% a year earlier, while term deposits grew 22% YoY to ₹ 379,765 cr
  • · Net Interest Margin compressed to 4.31% from 4.54% YoY and 4.53% QoQ
  • · Bank Gross NPA fell to 1.04% from 1.39% YoY, and Net NPA to 0.24% from 0.32%
  • · Q2FY27 Bank credit cost was 0.35%, down from 0.79% YoY but up from 0.46% in Q1FY27
  • · Fresh slippages were ₹ 1,230 cr in Q2FY27, down from ₹ 1,629 cr YoY
  • · SMA-2 exposure rose to ₹ 468 cr in Sep'26 from ₹ 249 cr in Jun'26
  • · Kotak Mahindra Life Insurance PAT jumped 302% YoY but fell 41% QoQ
  • · Kotak Mahindra Prime customer assets grew 12% YoY to ₹ 47,458 cr, and the company completed 30 years of operations in October 2026
  • · Bank took ~₹ 15,800 cr of borrowings in international branches during the quarter, and FCNR(B) deposits of ~₹ 55,344 cr were held under RBI's swap facility
  • · Bank loans transferred from KMIL totalled ₹ 8,915 cr in the quarter through direct assignment
  • · Consolidated book value per share rose to ₹ 196 from ₹ 169 YoY, after a sub-division of shares from ₹ 5 to ₹ 1 face value effective 14 January 2026
AU Small Finance Bank Limited Market Notice mixed materiality 7/10

24-10-2026

AU Small Finance Bank submitted its Q2 FY27 (quarter ended September 30, 2026) investor presentation and unaudited results to the exchanges under Regulation 30. Net profit rose 53% YoY to ₹858 cr, NII grew 32% YoY to ₹2,820 cr, and deposits grew 29% YoY to ₹1,70,460 cr, while loans grew 25% YoY to ₹1,53,769 cr. However, the yield on gross advances declined 9 bps QoQ to 13.6%, cost-to-assets improved only modestly to 3.9% from 4.0%, and total other income grew only 8% YoY due to muted treasury gains.

  • · Yield on gross advances fell 9 bps QoQ to 13.6%, driven by loan mix changes; this is a margin headwind not reflected in the headline profit growth
  • · FCNR deposit mobilisation in the special RBI window was constrained by the absence of an offshore branch; the bank raised only about $230mn in that period
  • · Average LCR declined to 116% from 119% in Q2 FY26, and CD ratio excluding DFI refinance fell to 80% from 81%
  • · Total other income grew only 8% YoY due to muted treasury gains, lagging core other income growth of 16%
  • · NIM moderated 9 bps QoQ due to higher share of investments and seasonality
  • · Slippages in secured businesses remained stable rather than improving, while improvement came only from unsecured
  • · PCR excluding technical write-offs is 60%, versus the headline 83% that includes technical write-offs
  • · Bank is expanding leadership and a new corporate office in BKC, Mumbai, with senior leadership transitioning over the coming months
AU Small Finance Bank Limited Corporate Governance mixed materiality 7/10

24-10-2026

AU Small Finance Bank reported Q2 FY27 (quarter ended 30.09.2026) net profit of ₹85,768.99 Lakh, up 52.9% YoY from ₹56,087.03 Lakh, and up 7.7% QoQ from ₹79,595.29 Lakh. Total income rose to ₹6,38,198.97 Lakh (up 22.2% YoY), while Gross NPA ratio improved to 1.99% from 2.41% a year earlier but deteriorated from 2.10% in the prior quarter, and Net NPA ratio rose sequentially to 0.81% from 0.76%. Capital adequacy remained strong at 18.54%, though it declined from 18.93% in the previous quarter.

  • · Net profit rose 7.7% sequentially from ₹79,595.29 Lakh in Q1 FY27 to ₹85,768.99 Lakh.
  • · Employee costs increased to ₹1,09,387.87 Lakh from ₹91,871.44 Lakh a year earlier, a rise of roughly 19%.
  • · Gross NPAs increased sequentially to ₹2,98,830.78 Lakh from ₹2,94,818.95 Lakh, and Net NPAs rose to ₹1,20,534.60 Lakh from ₹1,05,952.06 Lakh.
  • · Provisions and contingencies fell to ₹35,939.61 Lakh from ₹48,082.92 Lakh a year earlier, a decline of about 25%.
  • · Net worth grew to ₹21,12,236.23 Lakh from ₹17,93,647.20 Lakh a year earlier, up about 17.8%.
  • · Return on average assets improved to 0.81% from 0.35% a year earlier, but was up from 0.42% in the prior quarter.
  • · Other income declined 8.1% YoY to ₹77,018.06 Lakh from ₹71,258.25 Lakh... (note: this line increased YoY; treated as growth of 8.1%)
AU Small Finance Bank Limited Market Notice positive materiality 8/10

24-10-2026

AU Small Finance Bank reported strong Q2 FY27 and H1 FY27 results, with Q2 PAT up 53% YoY to ₹858 cr and Core PPoP up 31% YoY to ₹1,480 cr. Deposits grew 28.6% YoY to ₹1,70,460 cr and gross loan portfolio grew 25.1% YoY to ₹1,53,769 cr. However, the average LCR declined to 116% from 119% in Q1 FY27 and Q2 FY26, and the CD ratio (adjusted for DFI refinance) eased to 80% from 81%, while the non-overdue MFI collection efficiency improved only marginally (99.6% vs 99.5% in Q1 FY27).

  • · Wheels vehicle-finance GLP crossed ₹50,000 Cr in August 2026, now about one-third of the gross loan portfolio
  • · Current account deposits grew 55% YoY while savings deposits grew 23% YoY, indicating mix shift within CASA
  • · Stable deposits (CASA + retail TD + non-callable bulk TD) were 79% of total deposits
  • · Bank received in-principle RBI approval to transition into a Universal Bank
  • · Bank received SEBI approval for UPI Sponsorship Services under the ASBA framework for IPOs and public issues
  • · ICRA upgraded the long-term outlook to AA/Positive from AA/Stable while affirming the AA rating
  • · Gross advance yields fell 27 bps YoY due to change in mix, partially offsetting cost-of-funds gains
  • · Core other income grew 16% YoY while total opex grew 26% YoY, so cost growth outpaced fee income growth
AU Small Finance Bank Limited Corporate Governance mixed materiality 7/10

24-10-2026

AU Small Finance Bank reported unaudited results for the quarter and half year ended September 30, 2026, approved by the Board on October 24, 2026. Quarterly total income was ₹5,38,198.97 lakh versus ₹5,22,385.55 lakh a year earlier, and quarterly net profit was ₹85,768.99 lakh versus ₹56,087.03 lakh a year earlier, a sharp increase. However, quarter-on-quarter, net profit was ₹85,768.99 lakh against ₹79,595.29 lakh in the June 2026 quarter, and the Bank's net NPA ratio edged up to 0.81% from 0.76% in the prior quarter. The Bank also reported an unmodified limited review conclusion from its joint statutory auditors, with Pillar 3 disclosures excluded from review.

  • · Half-year net profit rose to ₹1,14,172.85 lakh from ₹1,65,364.28 lakh in the same period last year is not a decline; the comparable half-year figure was ₹1,65,364.28 lakh for the current period, versus ₹1,14,172.85 lakh prior year
  • · Quarterly operating expenses were ₹2,07,655.57 lakh (employee cost ₹1,09,387.87 lakh; other operating expenses ₹98,267.70 lakh)
  • · Board received RBI in-principle approval on August 7, 2025 for transition to Universal Bank, valid for 18 months; NOFHC requirement was removed by RBI letter dated March 6, 2026, subject to RBI assessment
  • · Final Universal Bank license application submitted in March 2026
  • · Gross NPA ratio improved to 1.99% from 2.41% a year earlier, while net NPA ratio rose to 0.81% from 0.76% in the prior quarter
IDFC First Bank Limited Corporate Governance mixed materiality 7/10

24-10-2026

IDFC FIRST Bank reported unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, approved by the Board on October 24, 2026. Standalone total income for Q2 FY27 rose to ₹14,21,778 lakh from ₹11,82,834 lakh a year earlier, and standalone net profit was ₹1,04,460 lakh versus ₹35,231 lakh, while net profit fell quarter-on-quarter from ₹1,07,496 lakh. Gross NPA ratio improved to 1.32% from 1.86% a year ago, but total debt to total assets rose to 11.47% from 10.67%, and the Q2 Capital Adequacy Ratio of 14.67% was lower than the 15.05% in the prior quarter.

  • · Standalone Capital Adequacy Ratio (Basel III) was 14.67% versus 15.05% in the prior quarter and 14.11% a year ago.
  • · Gross NPA ratio improved to 1.32% from 1.51% QoQ and 1.86% YoY; net NPA ratio was 0.40%.
  • · Total debts to total assets rose to 11.47% from 10.67% a year ago.
  • · Standalone Net Worth was ₹48,21,466 lakh, up from ₹45,44,719 lakh a year ago.
  • · Government of India shareholding fell to 7.73% from 9.08% a year ago.
  • · Standalone Other Income was ₹2,29,603 lakh, up from ₹1,89,145 lakh a year earlier.
  • · Banking regulatory disclosure: the Bank acquired 2,029.32 crore of loans not in default via assignment and transferred NPA accounts to ARCs for an aggregate consideration of 20.10 crore.
  • · Co-lending arrangements totaled 561.86 crore outstanding across 3 CLA partners, with a weighted average interest rate of 17.13%.
  • · Project finance: 19 projects under implementation at quarter end with 2,012.06 crore outstanding.
IDFC First Bank Limited Market Notice mixed materiality 7/10

24-10-2026

IDFC FIRST Bank reported Q2 FY27 Profit After Tax of ₹1,045 crore, up 196.5% YoY, with H1 FY27 PAT at ₹2,120 crore and H1 ROA at 0.99%. Total deposits grew 25.9% YoY to ₹3,48,583 crore and loans grew 30.1% YoY to ₹3,46,913 crore, though average CASA ratio declined to 48.4% from 50.1%, primarily due to large FCNR(B) mobilisation. Core cost-to-income ratio improved to 70.16% from 70.73% in Q1, while the bank also received an investment-grade 'BBB-' long-term rating from S&P Global Ratings.

  • · Management flagged the CASA ratio decline as primarily driven by large FCNR(B) mobilisation, with the balance sheet optically NIM-dilutive as a result.
  • · Loan growth excluding loans secured by FCNR(B) deposits was 22.2% YoY, versus the headline 30.1%.
  • · Gross NPA of 1.32% and Net NPA of 0.40% were reported, indicating stable asset quality with no quarter-on-quarter improvement cited.
  • · Incremental cost-to-income ratio for H1 FY27 was 55%, while the core ratio remains around 70%, indicating elevated cost intensity.
  • · The bank received its first international rating, an investment-grade 'BBB-' long-term rating from S&P Global Ratings.
  • · FCNR(B) deposits are largely 3-to-5-year tenor, providing structural liquidity, with a fully loaded cost about 1% lower than domestic fixed deposits.
IDFC First Bank Limited Market Update mixed materiality 7/10

24-10-2026

IDFC FIRST Bank reported standalone and consolidated unaudited results for the quarter and half year ended September 30, 2026. Q2 FY27 standalone net profit was ₹1,04,460 lakh, up from ₹35,231 lakh in the year-ago quarter, and total income rose to ₹14,21,778 lakh from ₹11,82,834 lakh (about 20% YoY). However, growth was mixed: quarterly net profit was slightly down from ₹1,07,496 lakh in the preceding quarter, and gross NPAs declined in absolute terms to ₹4,46,665 lakh from ₹4,50,979 lakh last quarter, while total debt to total assets rose to 11.47%.

  • · Half-year standalone net profit rose to ₹2,11,956 lakh from ₹81,488 lakh a year earlier.
  • · Capital adequacy ratio (Basel III) fell to 14.67% from 15.05% in the prior quarter and 15.60% at FY26 year-end.
  • · Net NPA ratio improved to 0.40% from 0.52% a year earlier.
  • · Deposits grew to ₹3,48,58,343 lakh from ₹2,76,77,132 lakh a year earlier, while borrowings rose to ₹53,95,636 lakh from ₹40,78,117 lakh.
  • · Bank acquired ₹2,029.32 crore of loans not in default through assignment during the quarter.
  • · Consolidated net profit for the quarter was ₹1,04,917 lakh versus ₹1,14,782 lakh in the prior quarter, a QoQ decline.
  • · Stake in Jetpur Somnath Tollways Private Limited must be reduced to 10% or less per RBI direction and is valued at Re. 1.
Yes Bank Limited Company Update negative materiality 9/10

24-10-2026

YES BANK Limited disclosed that it is still evaluating a Supreme Court judgment concerning its Additional Tier-1 (AT-1) Bonds and has not yet decided whether to exercise coupon discretion. The bank noted it has received bondholder queries about coupon payments, including on the 9% AT-1 Bonds whose coupon payment date was 18 October 2026. The bank states that day-to-day operations and customer services continue without interruption.

  • · Prior disclosures on the Supreme Court judgment were made on 15 October, 16 October and 18 October 2026.
  • · The 9% AT-1 Bond coupon payment date was 18 October 2026, and the bank has not announced whether the coupon was paid or discretion exercised.
  • · The bank has not given a timeline for its decision, saying only that it expects to complete the assessment 'in due course'.
  • · The bank will make further disclosures under the Listing Regulations once its assessment is complete.
IDFC First Bank Limited Market Notice mixed materiality 8/10

24-10-2026

IDFC FIRST Bank filed its Q2 FY27 investor presentation (quarter and half year ended September 30, 2026) alongside its unaudited standalone and consolidated financial results. Profit after tax rose 196.5% YoY to Rs. 1,045 Cr, while loans and advances grew 30% YoY to Rs. 3,38,929 Cr and total deposits grew 26% YoY to Rs. 3,48,583 Cr. Performance is mixed: PAT declined 2.8% QoQ, provisions fell 21.7% YoY (down 0.6% QoQ), CASA ratio fell 167 bps QoQ to 48.4%, and Fee & Other Income rose only 3.5% QoQ.

  • · Rs. 1,045 Cr PAT is down 2.8% QoQ, while the Q2 FY27 core RoA of 0.92% (vs 0.88% in Q1) and core PAT of Rs. 1,036 Cr were both reported; the 15.5% QoQ core PAT growth is an adjusted, not reported, figure
  • · Average CASA ratio dropped to 48.4% from 50.1% QoQ, attributed mainly to large FCNR(B) mobilisation
  • · Certificate of Deposits fell Rs. 5,318 Cr in Q2 FY27 (down 6.6% QoQ and 42.6% YoY)
  • · Customer deposits excluding FCNR(B) grew only 2.5% QoQ and 14.1% YoY
  • · Fee & Other Income grew just 3.5% QoQ, well below its 21.0% YoY growth and the 4.5% QoQ growth in interest income excluding IT-refund interest
  • · FCNR(B)-backed loans are optically NIM-dilutive and FY28 profitability faces headwinds from an IRDAI consultation paper on commission on insurance products
  • · Bank's Private Wealth AUM reached Rs. 792 Bn including Rs. 15,247 Cr of FCNR(B) deposits, with a demat component of Rs. 7,816 Cr
  • · Debut US$ 950 Mn bond raised across 3-year and 5-year tenors; debut global ratings from S&P (BBB- Stable) and CareEdge (BBB- Positive)
Kotak Mahindra Bank Limited Analyst/Investor Meet neutral materiality 2/10

24-10-2026

Kotak Mahindra Bank Limited has filed an intimation that the audio recording of its earnings conference call on the consolidated and standalone unaudited financial results for the quarter and half-year ended September 30, 2026 (held October 24, 2026 at 4:00 p.m. IST) is now available on the Bank's website. The filing contains no financial figures, so no performance metrics, growth rates, or period-over-period comparisons can be assessed from it.

  • · Earnings call held October 24, 2026 at 4:00 p.m. IST covered the unaudited consolidated and standalone financial results for Q2 FY27 (quarter and half-year ended September 30, 2026)
  • · Recording is hosted on the Bank's investor relations financial results page at kotak.bank.in
  • · Filing is addressed to multiple exchanges, including BSE, NSE, India INX and NSE IX, with several scrip codes and symbols for listed debt and equity instruments
AU Small Finance Bank Limited Analyst/Investor Meet neutral materiality 2/10

24-10-2026

AU Small Finance Bank Limited has filed a regulatory intimation confirming that the audio recording of its October 24, 2026 analyst and investor conference call, held to discuss unaudited financial results for the quarter and half year ended September 30, 2026, is now available on the Bank's website. The filing is a procedural disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements and contains no financial figures, performance metrics, or guidance.

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