BUSINESS
Trump's 25% tariff and penalty a negotiation tactic, real levy seen at 15%, says Ajay Bagga
Ajay Bagga believes the US’ 25% tariff threat on Indian exports is a maximalist negotiating tactic that will likely settle closer to 15%. While exporters may face pain, domestic-focused sectors is the way to go.
BUSINESS
IndusInd Bank sees microfinance slippages stabilising by FY26-end despite Q1 profit hit
IndusInd Bank reported a steep 68 percent fall in its June quarter profit amid continued stress in its microfinance segment. However, the lender expects slippages to stabilise by the third or fourth quarter, as recent quality-control measures begin to take effect
BUSINESS
IndusInd Bank Q1 Preview: Derivative loss overhang to weigh on NII, profit; margins to compress further
IndusInd Bank's net interest income (NII) is seen at Rs 4,279 crore in Q1FY26 from Rs 5,407 crore in the year-ago period
BUSINESS
Kotak Bank aims to keep loans capped at 15%, MFI exposure to remain limited
Kotak Mahindra Bank reaffirmed its cautious stance on unsecured lending, keeping the cap at 15 percent of total loans and limiting MFI exposure to 3–4 percent
BUSINESS
Kotak Bank sees margin low point in Q2 amid repo rate cut impact, recovery likely from H2
Kotak Mahindra Bank expects its net interest margins to bottom out in Q2FY26, as the full impact of the June repo rate cut gets priced in.
BUSINESS
Shriram Finance sees Q1 MSME slowdown as seasonal, reaffirms FY26 growth target
Shriram Finance flagged a seasonal slowdown in its MSME loan book during the April–June quarter, with growth moderating to just 3.5–4 percent sequentially. However, management remains confident of achieving 15 percent full-year growth, banking on festive-led demand in the coming quarters
BUSINESS
Shriram Finance sees NIM at 8.5% by FY26-end despite RBI's rate cuts
Shriram Finance’s net interest margin moderated to 8.11 percent in Q1FY26, largely due to repo rate cuts, but the company remains confident of achieving 8.5 percent by year-end
BUSINESS
Kotak Bank Q1 Preview: Healthy loan growth to drive NII, margins likely to compress
Kotak Mahindra Bank is expected to post modest June quarter earnings, with profit likely to decline 44 percent year-on-year due to a high base from a one-off gain in Q1FY25
BUSINESS
Shriram Finance Q1 Preview: Healthy loan growth to drive double-digit NII growth
Shriram Finance is expected to deliver double-digit growth in net interest income and moderate profit gains in the June quarter, aided by strong loan growth, improving margins, and stable credit costs, according to analysts
BUSINESS
SBI Life Q1 Preview: Modest APE growth seen, margin gains to drive VNB
SBI Life is expected to report modest growth in APE and healthy expansion in VNB margins for the June quarter, aided by a favourable product mix, even as ULIP sales moderate and investments in distribution weigh on profits
BUSINESS
Bajaj Finance Q1 Preview: Double-digit NII, profit growth likely on healthy loan growth
Bajaj Finance is expected to report double-digit growth in net interest income and profit for Q1FY26, backed by strong loan growth and declining credit costs.
BUSINESS
India Inc finds little to celebrate as early Q1FY26 results reveal tepid demand
India Inc kicked off FY26 on a cautious note as June quarter earnings underscored weak demand and tepid topline growth, while bottom-line performance held up.
BUSINESS
HDFC Bank aims to improve loan growth after lowering credit-to-deposit ratio
After quickly lowering its credit-to-deposit ratio post-merger by prioritising deposit mobilization, HDFC Bank now plans to gradually improve balance sheet efficiency and reinvigorate CASA growth over the next few quarters
BUSINESS
HDFC Bank sees stable margins ahead as rate cuts flow through gradually
HDFC Bank expects its net interest margins to remain steady over the next few quarters, aided by the gradual pass-through of recent repo rate cuts and deposit repricing
BUSINESS
ICICI Bank sees room for loan growth as monetary easing lifts demand sentiment
ICICI Bank’s loan growth was modest in Q1FY26 as global headwinds and competition weighed on demand. Management remains cautiously optimistic, expecting business banking and retail momentum to sustain as monetary easing supports credit pick-up
BUSINESS
ICICI Bank sees margins to be rangebound as rate cuts impact are yet to play out
ICICI Bank reported a steady net interest margin of 4.3% in Q1FY26, with management indicating the impact of recent rate cuts is yet to fully reflect
BUSINESS
ICICI Bank Q1 Preview: Modest growth likely as margins come under pressure
ICICI Bank is expected to post modest single-digit growth in NII and profit for Q1FY26, as lower repo rates compress margins and operating costs climb. Analysts also anticipate higher provisions, though no significant deterioration in asset quality is expected
BUSINESS
The "technical" one-time hit behind Axis Bank's Q1 miss - management explains
Axis Bank’s June quarter earnings were dented by a one-time “technical” adjustment in the way it recognises loan slippages and upgrades. The management explained that stricter, qualitative parameters, especially on cash credit, overdraft, and one-time settlement accounts, led to higher bad loan recognition and weighed on profit
BUSINESS
‘Inverted C’ margin path: Axis Bank outlines how NIMs will move this cycle
Axis Bank NIMs fell 25 basis points to 3.8 percent in Q1FY26, but the management reaffirmed its confidence in maintaining margins at this level through the current rate cycle, describing the trajectory as an “inverted C.”
BUSINESS
Axis Bank Q1 earnings hurt by higher slippages from one-time technical adjustments
Axis Bank reported a 4 percent year-on-year drop in net profit to Rs 6,034 crore for Q1FY26 as a one-time “technical impact” inflated slippages and weighed on earnings
BUSINESS
HDFC Bank Q1 Preview: NII to grow in single-digit amid slower loan growth, margins may compress
HDFC Bank is expected to post single-digit growth in net interest income and profit for Q1FY26, as slower loan growth and margin pressure offset strong deposit inflows. Analysts project a 7 percent rise in both NII and PAT
BUSINESS
Life insurance stocks find D-St favour as regulatory clouds clear, traditional policies gain traction
Brokerages have turned increasingly bullish on life insurance stocks over the past year, with all four major players - SBI Life, HDFC Life, LIC, and ICICI Prudential seeing more buy recommendations in a year
BUSINESS
HDFC Life sees weakening early policy renewals, long-term retention grows
HDFC Life reported mixed retention metrics in Q1FY26, with its 13th month persistency slipping to 82.7 percent due to a lower share of large-ticket policies after tax changes
BUSINESS
HDFC Life starts FY26 on a stable footing, eyes stronger second half
HDFC Life delivered a stable performance in Q1FY26 with double-digit APE and VNB growth. While margins improved modestly, the management remains cautious on near-term growth due to macro pressures but expects a stronger second half of the fiscal
