Market News
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Icra cuts Utkarsh Small Finance Bank ratings on weak asset quality
Icra downgraded Utkarsh Small Finance Bank's debt ratings, citing elevated bad loans, weak earnings and rising stress in its microfinance portfolio. High credit costs, fresh slippages and lower operating profitability weighed on the lender despite improving collection efficiency.
Equitas Small Finance Bank Q1 Update: Gross advances surge 27%, deposits up 10% YoY
Shares of Equitas Small Finance Bank Ltd ended at ₹77.31, up by ₹0.15, or 0.19%, on the BSE.
Ujjivan SFB deposits rise 25%, loan book grows 29%; GNPA improves
Ujjivan Small Finance Bank reported healthy business growth for the June quarter, driven by strong momentum in deposits and lending, while asset quality improved further.
Sensex jumps 579 points; Nifty tops 24,150 on IT, auto rally
Benchmark indices extended their gains for a second straight session on Thursday, supported by broad-based buying in IT and auto stocks. Sentiment was also buoyed by easing crude oil prices amid ongoing US-Iran peace talks. The Nifty closed above the 24,150 mark, while the Nifty IT index rebounded nearly 5% after four consecutive sessions of losses. Broader markets outperformed, led by small-cap stocks, although PSU bank shares bucked the trend and ended lower.
Capital Small Finance Bank edges higher after deposits rise over 16% YoY in Q1 FY26
Capital Small Finance Bank added 2.16% to Rs 281.65 after the bank's total deposits increased by 16.3% to Rs 10,596 crore as of 30 June 2026 from Rs 9,110 crore as of 30 June 2025.
Capital SFB shares gain 4% as Q1 advances rise 22%, deposits cross ₹10,500 crore
Capital Small Finance Bank's gross non-performing asset (GNPA) ratio improved to 2.47% from 2.54% at the end of the March quarter and 2.75% a year earlier.
Jana Small Finance Bank promoter to sell stake, hopes for a merger too
Jana Holdings is ready to relinquish its promoter status to repay the ₹700 crore it owed to TPG Asia as of June 30.
Corporate loans outpace retail
Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts have made bank loans more appealing. Analysts anticipate this trend to continue, supported by improved liquidity, though a shift back to debt markets is possible. Small businesses are seeing particularly strong bank credit growth.
Corporate loan demand outpaces retail credit as firms shift from bonds to banks
Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts have made bank loans more appealing. Analysts anticipate this trend to continue, supported by improved liquidity, though a shift back to debt markets is possible. Small businesses are seeing particularly strong bank credit growth.
Jana Capital downgrade unlikely to have bearing on Jana Small Finance Bank
Sources said there is no cross-default linkage between the debt of Jana Small Finance Bank and Jana Capital, with the holding company continuing to pare its stake in the lender
TVS Motor, Dixon Tech In, Reliance, M&M Out: Which Stocks Made It Into Macquarie's New India Portfolio?
The biggest changes came in the brokerage's tactical portfolio, where it introduced Axis Bank, Hyundai Motor India and Dixon Technologies, while removing Shriram Finance, Reliance Industries and Coal India.
Jana Holdings to pare Jana Bank stake to repay its bond holders
Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the holding company relinquish its 'promoter' status. The company recently received debt restructuring approvals, extending payment deadlines to December 2026, with bondholders like TPG Asia acknowledging the planned equity sale strategy.