📊 Key Business Updates
✅ Equitas SFB
- Gross Advances: ₹37,986 Cr (▲10.63% YoY, ▲1.72% QoQ)
- Deposits: ₹43,107 Cr (▲19.31% YoY, ▲5.8% QoQ)
- CASA: ₹12,410 Cr (▲7.43% YoY, ▲6.36% QoQ)
🔹Solid all-round growth with healthy CASA rise.
✅ Bajaj Housing Finance
- Disbursement: ₹14,250 Cr (▲25.1% YoY)
- AUM: ₹1.15 Lk Cr (▲26% YoY)
- Loan Assets: ₹99,500 Cr (▲25.4% YoY)
🔹Impressive expansion across all parameters.
✅ Aavas Financiers
- Disbursement: ₹2,020 Cr (▲27% QoQ, ▲7% YoY)
- AUM: ₹20,420 Cr (▲18% YoY)
🔹Strong credit activity and sustained growth.
✅ Indian Bank
- Total Business: ₹13.25 Lk Cr (▲5.1% QoQ)
- Deposits: ₹7.37 Lk Cr (▲5% QoQ)
- Advances: ₹5.88 Lk Cr (▲5.2% QoQ)
🔹Steady public sector performance.
✅ J&K Bank
- Total Business: ₹2.52 Lk Cr (▲10.6% YoY)
- Deposits: ₹1.48 Lk Cr (▲10.2% YoY)
- CASA: ₹69,843 Cr (▲2.6% YoY)
🔹Strong topline; minor dip in CASA ratio.
✅ IndusInd Bank
- Net Advances: ₹3.47 Lk Cr (▲1.4% YoY, ▼5.2% QoQ)
- Deposits: ₹4.11 Lk Cr (▲6.8% YoY, ▲0.4% QoQ)
- CASA Ratio: 32.8% (vs 37.9% YoY, ▼ QoQ)
🔹Pressure on advances and CASA decline.
✅ Nykaa (FSN E-Commerce)
- Beauty: Growth in low 30s%
- Fashion: Growth in high teens
- Overall Revenue: Low to mid-20s% expected
🔹Beauty segment strong, fashion lags.
✅ Union Bank of India
- Loan Growth (FY25): 8.6% vs ~13% guided
- Deposit Growth (FY25): 7.2% vs 9-11% guided
- Total Business: ₹22.92 Lk Cr (▲7.8% YoY)
- Deposits: ₹13.10 Lk Cr (▲7.2% YoY)
🔹Failed to meet even revised guidance.
Major Developments
🔹 India-EU Trade Talks – Focus on tariff reductions on cars/components; India aims to conclude FTA in 2025.
🔹 Delhivery Acquires Ecom Express – ₹1,407 Cr all-cash deal, strengthening logistics scale.
🔹 Jerome Powell on Trump Tariffs – Tariffs likely to raise inflation, slow US growth.
🔹 Jaguar Land Rover to pause US shipments amid new US tariff concerns.
🔹 IIFL Finance – Launches NCD public issue to raise up to ₹500 Cr.
🔹 HUDCO – Board approves FY26 borrowing programme of up to ₹65,000 Cr; raises overall borrowing limit to ₹2.5 Lk Cr.
🔹 L&T Forms New Subsidiary – To enter green hydrogen & ammonia market.
🔹 ITC – Acquires 2.62L shares of Ample Foods for ₹131 Cr, stake now at 43.75%.
🔹 Puravankara Arm – Wins ₹118.6 Cr project ‘Ranka Ankura’ via LoI.
🔹 Godrej Properties – To develop project in Versova, Mumbai with ₹1,350 Cr potential revenue.
🔹 Yes Bank – Two senior-level exits, including SME and private banking heads.
🔹 Cabinet Approvals – ₹18,658 Cr for 4 rail projects in Maha, Odisha & Chhattisgarh. ₹6,840 Cr for border village development under Vibrant Villages Programme.
