Executive Summary
Across the 14 filings for the BSE SENSEX 30 stream dated 17 October 2026, the dominant theme is strong headline profit growth at India's two largest private banks, Axis Bank and ICICI Bank, masked by weakening underlying quality.
ICICI Bank's standalone PAT rose 20.1% YoY to ₹14,843 Cr and deposits grew 27.1% YoY, yet treasury swung to a ₹230 Cr loss, NIM compressed to 4.18% from 4.30% YoY, and CASA ratio fell to 35.8% from 39.2%. Axis Bank's standalone PAT rose 37.6% YoY to ₹7,003 Cr, with GNPA improving to 1.16% from 1.46%, but PAT fell 1.6% QoQ, fee income grew only 6% YoY against 9% cost growth, and NIM slipped to 3.36%. HDFC Bank's standalone PAT grew about 5.2% YoY to ₹19,610 Cr, but treasury gains fell roughly 67% to ₹7.8 bn and CRAR declined to 18.87% from 19.96%, even as deposits grew 18.8% and advances 16.3%. Sector-wide, all three lenders reported treasury weakness and margin pressure, making bank earnings quality the central debate. Management changes at Axis Bank and HDFC Bank, and a reinsurance subsidiary launch at Bajaj Finserv, add governance and strategic colour. Mahindra & Mahindra's NDET dilution and Reliance's Jio Platforms IPO advertisement are lower-materiality corporate events.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Company update · Corporate governance · Board meeting · M&A
Tracking the trend? Catch up on the prior BSE Sensex 30 Stocks Regulatory Filings digest from October 10, 2026.
Investment Signals (10)
- ICICI Bank ↓ (BULLISH)▲
Standalone PAT up 20.1% YoY to ₹14,843 Cr, deposits up 27.1% YoY and advances up 30.0% YoY, net NPA improved to 0.30% from 0.39% YoY
- Axis Bank ↓ (BULLISH)▲
Standalone PAT up 37.6% YoY to ₹7,003 Cr and GNPA improved to 1.16% from 1.46% YoY; advances up 23% and deposits up 21% YoY on a month-end basis
- ICICI Bank ↓ (BEARISH)▲
Treasury swung to a ₹230 Cr loss in Q2-27 vs ₹220 Cr gain YoY, H1 treasury income turned negative at ₹-79 Cr vs ₹1,461 Cr in H1-26, dragging headline earnings quality
- ICICI Bank ↓ (BEARISH)▲
Average CASA ratio fell to 35.8% from 38.1% QoQ and 39.2% YoY, and deposit growth excluding FCNR(B) slowed to 17.0% vs headline 27.1%
- HDFC Bank ↓ (BEARISH)▲
Treasury gains fell to ₹7.8 bn from ₹23.9 bn YoY (about -67%), and H1 other income dropped to ₹26,653 Cr from ₹36,080 Cr after last year's HDBFS IPO-related gain
- HDFC Bank ↓ (BEARISH)▲
Standalone CRAR fell to 18.87% from 19.96% YoY, still well above the 11.9% regulatory requirement, while headcount declined to 210,109 from 220,339
- Axis Bank ↓ (BEARISH)▲
Net interest margin declined to 3.36% (3.47% ex-FCNR(B)) and cost of funds fell 8 bps YoY, while operating costs grew 9% vs fee income growth of 6%
- ICICI Bank ↓ (BEARISH)▲
Common Equity Tier 1 ratio fell to 16.01% from 16.19% QoQ and dividend income from subsidiaries fell 42.9% YoY to ₹4.63 bn
- Axis Bank ↓ (BULLISH)▲
One-time standard asset provision of ₹1,231 Cr for declassified PSL loans is expected to be written back by 31 March 2028, a potential future earnings tailwind
- HDFC Bank ↓ (BULLISH)▲
Half-year standalone PAT rose to ₹38,670 Cr from ₹36,796 Cr YoY, and Q2 standalone NII grew 9.7% to ₹346.2 bn
Risk Flags (8)
- ICICI Bank/Treasury Volatility↓ [HIGH RISK]▼
Q2-27 treasury loss of ₹230 Cr and H1 treasury income of ₹-79 Cr vs ₹1,461 Cr a year earlier signal exposure to market movements that can erode reported profits
- ICICI Bank/Margin Compression↓ [HIGH RISK]▼
NIM fell to 4.18% from 4.30% YoY and 4.36% QoQ, a two-quarter sequential decline during rapid balance sheet growth
- ICICI Bank/Funding Mix↓ [HIGH RISK]▼
Average CASA ratio dropped 3.3 percentage points QoQ to 35.8%, raising cost-of-funds pressure, with ex-FCNR(B) deposit growth at only 17.0%
- Axis Bank/Fee Income Slowdown↓ [MEDIUM RISK]▼
Fee income grew just 6% YoY vs operating costs up 9%, personal loans grew only 8% YoY, and other income fell 4.7% QoQ
- Axis Bank/Sequential Earnings↓ [MEDIUM RISK]▼
Standalone PAT declined 1.6% QoQ to ₹7,003 Cr from ₹7,114 Cr, indicating the strong YoY growth is partly base-effect driven
- HDFC Bank/Earnings Quality↓ [MEDIUM RISK]▼
Treasury gains fell about 67% YoY and H1 other income fell roughly 26%, meaning core operating performance needs to carry earnings
- HDFC Bank/Capital Ratio Decline↓ [MEDIUM RISK]▼
CRAR fell 109 bps YoY to 18.87%, and the Deputy MD's cessation effective 31 December 2026 adds leadership transition risk pending RBI approval
- Mahindra & Mahindra/Group Restructuring↓ [LOW RISK]▼
Aggregate stake in NDET fell from 72.07% to 49.63%, ceasing NDET's status as a step-down subsidiary; the filing does not quantify the consolidation impact
Opportunities (9)
- ICICI Bank/Asset Quality Turnaround↓ (OPPORTUNITY)◆
Net NPA ratio improved to 0.30% from 0.39% YoY, provisioning coverage of 75.0%, and gross NPA additions fell to ₹4,833 Cr from ₹5,034 Cr YoY, supporting a credit-cost normalisation thesis
- ICICI Bank/Core Profitability↓ (OPPORTUNITY)◆
Profit before tax excluding treasury rose 23.4% YoY to ₹199.54 bn and 5.2% QoQ, showing core earnings momentum beneath the treasury drag
- Axis Bank/Credit Growth↓ (OPPORTUNITY)◆
Advances grew 23% YoY and corporate/commercial banking fees rose 10% to ₹1,943 Cr, showing traction in business banking
- Axis Bank/Provision Write-Back↓ (OPPORTUNITY)◆
The ₹1,231 Cr standard asset provision is expected to be written back by March 2028, a visible future upside to reported PAT
- HDFC Bank/Deposit Franchise↓ (OPPORTUNITY)◆
Total EOP deposits grew 18.8% YoY to ₹33,274 bn while advances grew 16.3%, showing funding capacity supporting loan growth
- HDFC Bank/Governance Renewal↓ (OPPORTUNITY)◆
Re-appointment of Lily Vadera (former RBI Executive Director, head of Department of Regulation) as Independent Director for November 2026 to November 2029 adds regulatory expertise, subject to shareholder approval
- Axis Bank/Leadership Build-out↓ (OPPORTUNITY)◆
Appointment of Rahul Shukla as Group Head, Commercial and Bharat Banking, effective 19 October 2026, with prior HDFC Bank commercial and rural banking leadership, targets growth acceleration in these segments
- Bajaj Finserv/Reinsurance Expansion↓ (OPPORTUNITY)◆
Wholly owned subsidiary Bajaj Reinsurance Limited incorporated 17 October 2026 with ₹1 Cr capital, subject to IRDAI approvals, opening a new reinsurance revenue line
- Reliance Industries/Jio Platforms IPO↓ (OPPORTUNITY)◆
Advertisement for the proposed Jio Platforms IPO, including a reservation for eligible RIL shareholders, signals a potential value-unlocking event for RIL shareholders
Sector Themes (5)
- Private Bank Treasury Normalisation◆
All three large private banks reported treasury weakness in Q2-27 (ICICI loss of ₹230 Cr vs ₹220 Cr gain; HDFC treasury gains down about 67%; Axis trading income only ₹85 Cr), indicating a sector-wide reduction in mark-to-market tailwinds and a shift toward core earnings
- Margin Pressure Across Lenders◆
ICICI NIM down 12 bps YoY to 4.18% and Axis NIM at 3.36% (3.47% ex-FCNR(B)) show FCNR(B) deposit costs and funding mix shifts weighing on margins despite strong balance sheet growth
- Deposit Growth Strong but Mix Deteriorating◆
Deposits grew 27.1% at ICICI, 21% at Axis and 18.8% at HDFC, yet ICICI's ex-FCNR(B) deposit growth slowed to 17.0% and CASA fell to 35.8%, suggesting sector growth is increasingly reliant on higher-cost term and FCNR(B) funding
- Asset Quality Improvement Sector-Wide◆
GNPA/NNPA improved at Axis (GNPA 1.16% vs 1.46% YoY) and ICICI (net NPA 0.30% vs 0.39% YoY), with credit costs contained (Axis annualised credit cost 0.45%), supporting the earnings-recovery narrative
- Governance and Senior Management Churn at Large Banks◆
Axis appointed a new Group Head, HDFC's Deputy MD requested cessation pending RBI approval, and HDFC's headcount fell about 4.6% YoY, reflecting leadership transition and cost discipline themes
Watch List (8)
-
Analyst/investor call on Q2 FY27 unaudited results on Saturday 17 October 2026 at 16:00 IST; probe treasury outlook, CRAR trajectory and deposit mix
-
Q2 audio recordings (media call and analyst earnings call) now available on the bank's website; monitor NIM outlook at 4.18%, CASA trend at 35.8%, and treasury recovery
-
Kaizad Bharucha's cessation effective close of business 31 December 2026 pending RBI approval; watch for a successor announcement and any RBI decision
- Lily Vadera Appointment👁
Independent Director re-appointment from 26 November 2026 for three years pending shareholder approval; watch for AGM or postal ballot scheduling
-
₹1,231 Cr standard asset provision expected to be written back by 31 March 2028; track quarterly disclosures for timing
-
Newspaper advertisement published 17 October 2026 with shareholder reservation; watch for the DRHP/RHP filing, valuation disclosure and reservation allocation timeline
- Bajaj Reinsurance Limited/IRDAI Approval👁
Subsidiary incorporated 17 October 2026 subject to IRDAI approvals; monitor regulatory clearance and capitalisation plans
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Post-dilution impact on consolidated financials and any further stake changes in NDET; track the next quarterly results for deconsolidation effects
Filing Analyses
(14)
17-10-2026
Mahindra & Mahindra Ltd. disclosed that, following NDET's allotment of additional equity shares to its shareholders (including the Company and its subsidiaries), the Company's aggregate stake in New Democratic Electoral Trust (NDET) fell from 72.07% to 49.63% of post-allotment equity share capital. As a result, NDET has ceased to be a step-down subsidiary of the Company. The filing is a Regulation 30 intimation made to the NSE and BSE.
- · NDET has ceased to be a step-down subsidiary of the Company as a result of the dilution.
- · The filing was made under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015.
- · The ISIN referenced in the filing is USY541641194.
17-10-2026
Axis Bank reported standalone net profit of ₹7,003.28 Cr for Q2 FY27 (quarter ended 30 September 2026), up from ₹5,089.64 Cr in the year-earlier quarter (+37.6% YoY) but down from ₹7,113.92 Cr in the prior quarter (-1.6% QoQ). Net interest income and other income were mixed: interest earned rose 12.7% YoY to ₹36,418.77 Cr, while other income fell 1.4% YoY to ₹6,530.55 Cr, and gross NPA ratio improved to 1.16% from 1.46% a year earlier. Consolidated net profit for the Group was ₹7,704.67 Cr for the quarter (up from ₹5,527.85 Cr YoY).
- · Interest earned for the quarter rose 12.7% YoY, but interest/discount on advances grew only modestly as the quarter-end gross NPA ratio improved to 1.16% from 1.46% YoY.
- · Other income declined 1.4% YoY and 4.7% QoQ, while operating expenses rose 8.7% YoY on a half-year basis from employee costs slightly decreasing YoY (half-year employee cost ₹6,372.43 Cr vs ₹6,379.38 Cr).
- · Net profit before tax for the half year rose to ₹18,825.90 Cr from ₹14,432.99 Cr, while the one-time standard asset provision of ₹1,231 Cr for declassified PSL loans remains outstanding and is expected to be written back by 31 March 2028.
- · Capital adequacy ratio (Basel III) was 16.27%, down from 16.67% in the prior quarter, and Debt-Equity ratio rose to 1.25 from 1.05 a year earlier.
17-10-2026
Axis Bank reported Q2FY27 (quarter ended September 30, 2026) with net profit up 38% YoY to ₹7,003 crore, driven by net interest income growth of 12% YoY to ₹15,371 crore and an improvement in asset quality (GNPA at 1.16%, down 30 bps YoY). Advances grew 23% YoY and deposits grew 21% YoY on a month-end basis, though fee income growth slowed to 6% YoY and the net interest margin declined to 3.36%, with NIM excluding FCNR (B) impact at 3.47%.
- · Net interest margin was flat-to-down at 3.36% (3.47% excluding FCNR (B) impact) and cost of funds decreased 8 bps YoY
- · Operating cost grew 9% YoY, outpacing 6% fee income growth, though cost to assets improved to 2.14%
- · Personal loans grew only 8% YoY, the slowest growth among key retail segments
- · Current account deposits grew 7% YoY on month-end basis versus 27% for term deposits, indicating a shift toward term deposits
- · Axis Securities H1FY27 PAT grew only 9% YoY, the weakest among key subsidiaries
- · CET-1 ratio was 14.61% and CAR 16.27%, with an additional ~49 bps cushion from provisions not included in CAR
- · Sequentially, net profit and fee metrics were not disclosed for Q1FY27, limiting QoQ profit comparison
- · H1FY27 net profit of ₹14,117 crore was up 30% YoY from ₹10,896 crore in H1FY26
- · FCNR (B) deposits raised totaled ₹1,018 bn (approximately ₹1,01,800 crore), including ₹438 bn backed by international branch advances and ₹449 bn backed by standby letters of credit
17-10-2026
Axis Bank reported Q2FY27 (quarter ended September 30, 2026) with net profit up 38% YoY to ₹7,003 crore, driven by net interest income growth of 12% YoY to ₹15,371 crore and advances growth of 23% YoY. Asset quality improved, with GNPA at 1.16% (down 30 bps YoY) and NNPA at 0.35%. However, fee income grew a more modest 6% YoY to ₹6,381 crore, trading income was just ₹85 crore, and net interest margin of 3.36% reflects pressure from FCNR(B) deposit costs, with NIM excluding FCNR(B) impact at 3.47%.
- · Fee income grew only 6% YoY, with corporate and commercial banking fees up 10% to ₹1,943 crore, while trading income was just ₹85 crore and miscellaneous income ₹65 crore
- · Cost of funds decreased 8 bps YoY, but NIM of 3.36% (3.47% excluding FCNR(B) impact) indicates margin pressure from FCNR(B) deposits
- · Total provisions for Q2FY27 were ₹1,694 crore, with specific loan loss provisions of ₹1,564 crore; annualized credit cost of 0.45%
- · Gross slippage ratio of 1.48% and net slippage ratio of 0.75% were both lower YoY
- · Operating cost grew 9% YoY, outpacing the 6% fee income growth
- · Q2FY27 CASA ratio stood at 35% (QAB) and 36% (MEB), with current accounts growing only 3% QoQ
- · Board approved results at a meeting held on Saturday, October 17, 2026, in Mumbai
- · Burgundy wealth AUM reached ₹8,19,868 crore, up 27% YoY and 9% QoQ
17-10-2026
HDFC Bank reported unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, approved by the Board on October 17, 2026. Standalone Q2 FY27 PAT was 19609.96 crore versus 18641.28 crore a year earlier (up about 5.2%), and standalone net interest income grew 9.7% to 346.2 billion, but Q2 treasury gains fell sharply to 7.8 billion from 23.9 billion, and the Bank's Capital Adequacy Ratio declined to 18.87% from 19.96% a year earlier. Half-year standalone PAT rose to 38669.68 crore from 36796.49 crore, while half-year other income fell to 26652.62 crore from 36079.85 crore because of the absence of the prior-year HDFC Bank Q1 IPO-related gain on the HDBFS offer for sale.
- · Treasury trading gains fell to 7.8 billion in Q2 FY27 from 23.9 billion in Q2 FY26, a decline of about 67%, which weighed on other income.
- · Standalone Capital Adequacy Ratio declined to 18.87% from 19.96% a year earlier, though still well above the 11.9% regulatory requirement cited in the release.
- · Total EOP deposits grew 18.8% year-on-year to 33274 billion, while advances grew 16.3%, though the employee count fell to 210109 from 220339.
- · Half-year standalone other income fell to 26652.62 crore from 36079.85 crore, reflecting the one-time HDBFS OFS gain recognized in the prior-year period.
- · Dubai DIFC branch was prohibited from onboarding new clients by the DFSA; the Bank states this is not material.
17-10-2026
Axis Bank's Board of Directors, on the recommendation of the Nomination and Remuneration Committee, appointed Rahul Shukla as Group Head, Commercial and Bharat Banking, effective October 19, 2026. He will be part of the Bank's Senior Management and is tasked with accelerating growth, deepening customer relationships and strengthening the Bank's presence in these businesses. The filing is a routine Regulation 30 disclosure of a senior management appointment and contains no financial results or quantitative performance data.
- · Appointment is full-time employment; the filing states no relationship between Rahul Shukla and any director.
- · Prior roles include leading Commercial & Rural Banking and Wholesale Banking at HDFC Bank, and Head of South Asia Corporate Bank and Asia-Pacific TMT Investment Banking at Citi.
- · Disclosure was made under SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, and the Board meeting ran from 9.00 am to the agenda approval at 2.00 pm (IST).
17-10-2026
HDFC Bank Limited has informed the exchanges (BSE and NSE) that an earnings call with analysts and investors will be hosted on Saturday, October 17, 2026 at 16:00 IST, covering the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The presentation for the call has been made available on the Bank's investor relations website. This filing is a logistical disclosure and contains no quantitative financial results.
- · Earnings call scheduled for Saturday, October 17, 2026 at 16:00 IST
- · Earnings call relates to unaudited standalone and consolidated results for quarter and half-year ended September 30, 2026
- · Earlier intimation of the earnings call was given in a letter dated October 13, 2026
17-10-2026
ICICI Bank reported standalone profit after tax of ₹14843 Crore for Q2-2027 (quarter ended September 30, 2026), up 20.1% YoY from ₹12359 Crore, with profit before tax up 20.4% YoY to ₹19724 Crore. Net interest income rose 17.7% YoY to ₹25339 Crore and total deposits grew 27.1% YoY to ₹2049874 Crore, while treasury posted a loss of ₹230 Crore versus a gain of ₹220 Crore a year earlier. Mixed points include a QoQ dip in Q2 PAT (from ₹14805 Crore in Q1), a net interest margin that eased to 4.18% from 4.36% QoQ and 4.30% YoY, a treasury loss, and H1 treasury income that turned negative (₹-79 Crore vs ₹1461 Crore in H1-2026).
- · Net NPA ratio improved to 0.30% from 0.35% QoQ and 0.39% YoY; provisioning coverage on non-performing loans was 75.0%
- · Gross NPA additions were ₹4833 Crore in Q2-2027 versus ₹5034 Crore in Q2-2026; ₹1592 Crore of gross NPAs were written off
- · Operating expenses rose 8.5% YoY to ₹12811 Crore in Q2-2027
- · Fee income grew 20.1% YoY to ₹7795 Crore; retail, rural and business banking customers contributed about 75% of fees
- · Average CASA ratio was 35.8% in Q2-2027, reflecting higher term deposits from FCNR (B) inflows
- · Core operating profit excluding dividend from subsidiaries grew 25.0% YoY to ₹20342 Crore
- · Consolidated profit after tax rose 22.3% YoY to ₹16333 Crore; ICICI Life VNB margin was 26.0% in H1-2027
- · Bank acquired an additional 2% stake in ICICI Life Insurance for ₹1470 Crore, recognising goodwill of ₹1178.39 Crore on consolidation
- · Overseas loan portfolio was 7.8% of total loans; excluding FCNR (B)-linked international branch loans, loan growth was 24.1% YoY
- · Total capital adequacy ratio was 16.68% (CET-1 16.01%) versus regulatory minimums of 11.70% and 8.20%
- · Q2-2027 profit after tax declined slightly sequentially versus Q1-2027 (₹14843 Crore vs ₹14805 Crore flat-to-up), while net interest margin contracted QoQ from 4.36% to 4.18%
- · Standalone H1-2027 treasury income was negative at ₹-79 Crore, down from ₹1461 Crore in H1-2026
17-10-2026
ICICI Bank reported Q2-FY2027 (quarter ended September 30, 2026) standalone profit after tax of ₹14843 Crore, up 20.1% YoY from ₹12359 Crore, with standalone total income of ₹57157.49 Crore versus ₹49333.49 Crore a year earlier. Total deposits grew 27.1% YoY to ₹2049874 Crore and total advances grew 30.0% YoY to ₹1831580 Crore, while net NPA ratio improved to 0.30% from 0.39% a year earlier. Growth was mixed: treasury posted a loss of ₹230 Crore in the quarter versus a ₹220 Crore gain in Q2-FY2026, net interest margin narrowed to 4.18% from 4.30%, and excluding FCNR(B) deposits, deposit growth slowed to 17.0%.
- · Treasury posted a loss of ₹230 Crore in Q2-2027 versus a ₹220 Crore gain in Q2-2026, driven by market movements, which dragged on headline profit growth
- · Net interest margin narrowed to 4.18% in Q2-2027 from 4.30% in Q2-2026 and 4.36% in Q1-2027
- · Excluding FCNR(B) deposits, total deposit growth slowed to 17.0% YoY, well below the headline 27.1%
- · Standalone operating expenses rose 8.5% YoY to ₹12811 Crore in Q2-2027
- · Consolidated profit after tax rose 22.3% YoY to ₹16333.18 Crore in Q2-2027 versus ₹13357.06 Crore in Q2-2026
- · Gross NPA additions were ₹4833 Crore in Q2-2027 versus ₹5034 Crore in Q2-2026, and recoveries and upgrades were broadly flat at ₹3620 Crore versus ₹3648 Crore
- · The Bank acquired an additional 2.0% stake in ICICI Life Insurance Limited for ₹1470 Crore, recognising goodwill of ₹1178.39 Crore on consolidation
- · Statutory auditors issued unmodified limited review reports on both standalone and consolidated results
17-10-2026
HDFC Bank's Board approved the re-appointment of Mrs. Lily Vadera as an Independent Director for three years (November 26, 2026 to November 25, 2029), subject to shareholder approval. Deputy Managing Director Mr. Kaizad Bharucha has requested cessation of service effective close of business on December 31, 2026, pending RBI approval. The filing contains no financial figures or period-over-period performance data.
- · Mrs. Vadera retired as Executive Director of the RBI in October 2020 and previously headed the Department of Regulation
- · Mr. Bharucha is described as one of the principal architects of the Bank's robust credit architecture
- · GNRC and Board considered Mr. Bharucha's request on October 16 and October 17, 2026 respectively, and forwarded it to RBI for approval
- · Mrs. Vadera is not related to any other Director or KMP and is not debarred by SEBI or any other authority
17-10-2026
ICICI Bank's Q2-FY2027 investor presentation (for the quarter and six months ended September 30, 2026) reports profit before tax excluding treasury of ₹ 199.54 bn, up 23.4% y-o-y and 5.2% q-o-q, and profit after tax of ₹ 148.43 bn, up 20.1% y-o-y. Balance sheet growth was strong, with total deposits up 27.1% y-o-y and total advances up 30.0% y-o-y. Mixed items include treasury income turning to a loss of ₹ 2.30 bn in Q2, dividend income from subsidiaries falling 42.9% y-o-y, a decline in the CASA share of deposits, and a Common Equity Tier 1 ratio that fell from 16.19% to 16.01% q-o-q.
- · Treasury income turned negative at ₹ (2.30) bn in Q2-2027, versus ₹ 1.51 bn in Q1-2027 and ₹ 2.20 bn in Q2-2026
- · Dividend income from subsidiaries fell 42.9% y-o-y to ₹ 4.63 bn, and other non-interest income fell 64.4% y-o-y
- · Average CASA ratio fell to 35.8% in Q2-2027 from 38.1% in Q1-2027 and 39.2% in Q2-2026
- · Savings account deposits declined 0.2% q-o-q at Sep 30, 2026, while term deposits grew 18.0% q-o-q and comprise 63.9% of total deposits
- · Credit card portfolio declined 9.7% y-o-y and 0.2% q-o-q to ₹ 530.91 bn
- · Contingency provisions held flat at ₹ 131.00 bn across Sep 2025, Jun 2026 and Sep 2026
- · Additional standard asset provision of ₹ 12.83 bn was made in Q3-2026 pursuant to RBI's annual supervisory review, excluded from the standard provision figures
- · Retail and rural loans grew only 3.2% q-o-q, markedly slower than business banking (11.1% q-o-q) and domestic corporate (10.4% q-o-q)
- · Standalone return on equity was 17.1% in Q2-2027, versus 16.0% in Q2-2026
- · Cost of deposits was 4.41% in Q2-2027, down from 4.75% in Q1-2027
- · Overseas book rose sharply to ₹ 1,429.54 bn from ₹ 331.96 bn a year earlier, reflecting loans against FCNR (B) deposits
- · Share of retail and rural portfolio in total loans fell to 51.6% (43.0% including non-fund based outstanding)
17-10-2026
Bajaj Finserv Limited has incorporated a wholly owned subsidiary, Bajaj Reinsurance Limited, effective 17 October 2026 to carry on the reinsurance business, subject to necessary regulatory approvals. The company subscribed to 10,00,000 equity shares of face value Rs. 10 each, amounting to Rs. 1,00,00,000 (Rs. 1 Crore), in cash, and holds 100% of the equity. This follows the board's 31 July 2026 approval of the reinsurance initiative.
- · No objection certificate for incorporation has been obtained from the Insurance Regulatory and Development Authority of India (IRDAI)
- · Certificate of Incorporation was received from the Ministry of Corporate Affairs via email on 17 October 2026 at 12:37 hours IST
- · Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations, 2015, referencing the SEBI Master Circular dated 30 January 2026
- · Incorporation follows the board's earlier intimation dated 31 July 2026 approving the reinsurance business via a subsidiary
18-10-2026
Reliance Industries Limited filed a newspaper clipping, published October 17, 2026 in 'Sandesh', of an advertisement on the proposed Initial Public Offer (IPO) of Jio Platforms Limited, including a reservation for eligible RIL shareholders. The filing is a routine submission of the advertisement for exchange records and contains no financial results, figures, or performance data.
- · Advertisement published in the newspaper 'Sandesh' (Ahmedabad edition) on October 17, 2026
- · Filing made to BSE (Scrip Code 500325) and NSE (Symbol RELIANCE), with copies to Luxembourg Stock Exchange and SGX
18-10-2026
ICICI Bank Limited informed BSE and NSE on October 17, 2026 that audio recordings of its media call and its analyst/investor earnings call on the financial results for the quarter and six months ended September 30, 2026 have been uploaded to the bank's website. The filing is a procedural disclosure and does not itself disclose any financial figures, so no performance metrics can be assessed from it.
- · Covers results for the quarter and six months ended September 30, 2026
- · Two recordings published: media call and earnings call with analysts and investors
- · Copies of the notice sent to NYSE, Japan Securities Dealers Association, Singapore Stock Exchange and SIX Swiss Exchange
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India Upcoming Corporate Actions BSE NSE — October 10, 2026
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India Quarterly Results BSE NSE Announcements — October 10, 2026
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India Merger Acquisition MCA Regulatory Filings — October 10, 2026
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