Strong Profitability with ₹184 Crore PAT in Q1FY27 vs. a loss of ₹224 Crore in Q1FY26

ROA and ROE for Q1FY27 at 1.18% and 11.76% respectively

Gross Advances grew by 27% YoY and 3% QoQ

Overall Disbursements at ₹6,784 Crs, growth of 93% YoY

Deposits grew by 10% YoY & 5% QoQ, CASA at 25% 

1. Key Highlights:

• Gross advances grew by 27% YoY and 3% QoQ supported by robust disbursements across verticals. Non MFI book grew 22% YoY, led by 24% growth in HF, 28% in MSE and 179% in Gold Loan over previous year.
• Overall deposits grew by 10% YoY & 5% QoQ. 

2. Business Highlights:

• Overall Disbursements at ₹6,784 Crore in Q1FY27, a growth of 93% YoY and a decline of 8% QoQ
• Our Flagship Product Small Business Loans (SBL) grew by 15% YoY. BL advances, a part of SBL, has grown 32% YoY contributing 34% of the overall SBL portfolio.
• Used Car and Used CV Advances have registered a growth of 30% YoY and 25% YoY respectively.
• CASA ratio at 25%.
• Cost of Funds increased by 11 bps to 7.05% in Q1FY27 from 6.94% in Q4FY26     

1. Key Ratios:

• NIM for the quarter stood at 7.24%, marginally declined by ~12 bps QoQ
• Cost to Income ratio stood at 68.38% in Q1FY27 as compared to 67.52% in Q4FY26 and 70.62% in Q1FY26

1. Capital:

• Networth of the Bank stands at ₹6,367 Crore
• As of June 30, 2026, Total CRAR at 19.44% | Tier I at 16.01% and Tier II at 3.43%      

1. Treasury & Liquidity:

• The Bank’s Certificate of Deposit (CD) programme has highest rating at A1+ from India Ratings, CareEdge Ratings & CRISIL
• Liquidity Coverage Ratio (LCR) as on 30.06.2026 is 178.46%
• Other Income: Income from Investments (including MTM & dividend) for the quarter is ₹31 Crore

3. Profit & Loss:

• Net Income for Q1FY27 grew by 19% YoY and 3% QoQ and Total Opex grew by 16% YoY and 5% QoQ
• The bank reported a quarterly PAT of ₹184 Crore, compared to a loss of ₹224 Crore in Q1FY26.

4. Asset Quality & Provisions:

• GNPA reduced by 13 bps QoQ at 2.36% in Q1FY27 as compared to 2.49% in Q4FY26; including securitization book, GNPA would stand at 2.31%
• NNPA increased by 2 bps QoQ to 0.70% in Q1FY27 as compared to 0.68% in Q4FY26
• PCR remains stable at 71.02% (86.96% Including technical write-offs)
• Net Slippages at 1.43% in Q1FY27, the second-lowest among first quarters over the last five years.
• Credit Cost declined significantly to 1.37% in Q1FY27 as compared to 6.48% in Q1FY26.

Note: For the calculation of GNPA and NNPA ratios, Gross Advances include IBPC exposures and exclude advances sold through Securitisation and Direct Assignment transactions.

New Delhi, July 24, 2026: Central bankers, regulators and industry leaders from India, Sri Lanka and Nepal converged at Le Meridien, New Delhi, for the 4th ICC Emerging Asia Banking Conclave 2026, organised by the Indian Chamber of Commerce (ICC) under the theme “Reimagining Banking in the Age of Disruption.” The session brought together policymakers and senior bankers from across the BIMSTEC region to examine how financial institutions can balance rapid technological transformation with operational resilience and financial inclusion.

Delivering the welcome address, Mr Atanu Sen, Chairman of the ICC National Expert Committee on BFSI and a board member of Tata and Bandhan Group companies, said trust remains the foundation of banking even as technology reshapes the sector. “What we do in banking remains the same. I recall a conversation years ago in Mumbai where the question was asked: what is the crux of banking? The answer was building trust. If you cannot build trust with all stakeholders, you are a failure. Today we are navigating technological innovation, geopolitical uncertainty, climate risk and cyber threats simultaneously, and disruption has become the new normal. Yet according to the World Bank, nearly 80 percent of adults in South Asia now own a financial account, and digital merchant payments in developing economies have risen from 35 percent in 2021 to 42 percent in 2025. India’s banking sector recorded 12 percent deposit growth and 15 percent growth in advances in FY26, supported by over 200 digital banking units and a UPI infrastructure that processed around Rs 230 lakh crore, roughly 2.7 trillion US dollars, in FY25-26,” he said.

Shri K G P Sirikumara, Deputy Governor, Central Bank of Sri Lanka, spoke on building resilient financial systems while balancing growth, prudence and inclusion. “Emerging Asia contributes around 60 percent of global growth, but the same forces driving that growth are reshaping financial risk. A crisis today may not begin inside a financial institution at all; it could originate from a cyber attack, a climate event or a disruption to cloud infrastructure. Resilience is not merely the ability to recover, it is the ability to continue performing essential financial functions while under stress. Sri Lanka’s own experience during its recent economic crisis showed how a banking sector built on caution and early preparedness can avoid a parallel financial collapse. Financial inclusion and prudence are not competing objectives; a broader deposit base strengthens funding stability, and access to formal finance improves household resilience. Governance, not capital alone, is what separates resilient institutions from vulnerable ones. As Vidura advised in the Mahabharata, one should prepare for danger while there is still no danger, and that principle remains the essence of modern financial supervision,” he said.

Mr Hem Prasad Neupane, Executive Director, Banking Department, Nepal Rashtra Bank, outlined Nepal’s digital banking transformation. “Nepal is a 44 billion US dollar economy with real GDP growth estimated at 3.85 percent in FY 2025-26 and inflation at 2.13 percent. We have 106 licensed banks and financial institutions operating over 11,300 branches nationwide. The number of digital wallets has grown from 6 million before the pandemic to more than 27 million today, and mobile banking users have risen from 8 million to over 30 million. QR-based payments worth around Rs 800 billion, close to 12 percent of our GDP, took place last year alone, a sixfold increase over five years, and more than 95 percent of government payments in Nepal are now conducted digitally. Our financial inclusion index has risen from 0.40 in 2021 to 0.53 in 2025. We are also integrating our national payment interface with India’s UPI, and the service is already active for Indian visitors scanning QR codes in Nepal. Nepal Rashtra Bank is piloting a central bank digital currency this year, with full rollout planned by 2027,” he said.

Ms Gayathri Parthasarathy, Advisor to Chairman, PwC India, framed the discussion around three pillars: the disruptions underway, the transformation already in motion, and the challenges ahead. “Reimagining banking in the age of disruption is not a slogan, it is hard work, and it is not glamorous. The first disruption is digital public infrastructure, where India has been a trendsetter and our neighbours Nepal and Sri Lanka have also made remarkable progress. The second is the fintech platform economy; banking is increasingly embedded finance rather than something separate from the banking fabric. The third, and one that is here to stay for decades, is generative and agentic AI, which is moving well beyond fraud detection into making banking transactions more efficient, though it will not replace a trained banker for a long time. Regulatory and geopolitical shifts continue, and demographic and behavioural change among customers is a disruption we cannot underestimate. Banks are already moving from product-centric to platform-centric models, and risk and compliance, powered by data and AI, have become a CEO-level agenda. Cybersecurity, data protection and building hybrid bankers, professionals who combine technology with banking judgement, will decide how smoothly the region crosses this transition,” she said.

Closing the session, Dr Rajeev Singh, Director General, Indian Chamber of Commerce, noted the unprecedented pace of global economic change and its bearing on the banking sector. “The changes we have seen in the last six years are unprecedented. Globally there is hardly any certainty about which way the world will go, supply chains are being disturbed and new alliances are forming. Banking has to keep pace with all of this while maintaining its core values of trust, efficiency and dependability,” he said.

The conclave, now in its fourth edition, continues ICC’s tradition of bringing together central bankers, regulators and financial sector leaders from the BIMSTEC region to discuss the future of banking amid rapid digital transformation.

Axis Mutual Fund’s Axis Large & Mid Cap Fund has delivered a 17.33% CAGR since inception under the Regular Plan – Growth option (as on June 30, 2026). A one-time investment of ₹10,000 made at the fund’s launch in 2018 would have grown to ~₹33,800 over the same period. The fund has delivered a 15.08% CAGR over three years and 3.61% return over one year under the Regular Plan – Growth option.

Please click on the link here to view performance of all schemes managed by the fund manager: https://www.axismf.com/1/5/464/627/ALL_Annexure_Jun_2026.pdf

The current market environment presents opportunities across both large- and mid-cap segments. While large-cap companies continue to provide stability and valuation comfort during periods of uncertainty, mid-cap companies have demonstrated stronger earnings growth, reflecting the breadth of India’s long-term growth story. A balanced allocation across both segments can help investors participate in growth while managing market volatility.

Commenting on the fund’s positioning, Shreyash Devalkar, Head – Equity, Axis Mutual Fund, said, “India’s growth journey continues to be supported by structural drivers such as rising consumption, increasing focus on manufacturing, formalisation of the economy, increasing private-sector investment and improving competitiveness across sectors which may lead to increase in exports. In such an environment, we believe investors can benefit from a portfolio that combines established market leaders with emerging businesses that have the potential to scale over time. As a fund house that believes in quality and growth, our focus remains on identifying companies with durable business models, strong management teams and the ability to generate sustainable earnings growth across market cycles.”

Aligned with this approach, Axis Large & Mid Cap Fund invests across quality large- and mid-cap companies through a research-driven investment process, focusing on businesses that combine quality with sustainable growth. Given the current market environment, we are also mindful of valuations, emphasizing attractive risk-reward opportunities. During the recent period, the fund has further sharpened its portfolio positioning by increasing allocations to high-conviction opportunities, thereby reducing the number of holdings in domestic equities from 96 to 81 (from Dec 2025 to June 2026), and  increasing exposure to sectors such as auto components, electrical equipment and industrial products, along with companies expected to benefit from manufacturing-led growth, government policy support and supply chain diversification.

The fund has strategically increased its exposure to global markets to capture global growth opportunities, including themes such as artificial intelligence, while continuing to monitor valuations across domestic and overseas markets.

The broader mutual fund industry continues to witness healthy investor participation. According to AMFI data for May 2026, the Indian mutual fund industry’s assets under management stood at ₹81.58 lakh crore. The Large & Mid Cap Fund category managed assets of approximately ₹3.40 lakh crore, reflecting continued investor interest in the segment.

This updated corporate identity somehow mirrors the company’s longer-term intention to shape an inclusive, technology-led financial ecosystem that connects the gap between formal financial institutions and underserved pockets of communities across India. And yes, Ezeepay will continue running as the company’s kind of flagship assisted fintech brand, while MJ Digital Services ends up acting as the parent technology company – pushing innovation across digital payments and assisted banking. It also covers merchant enablement, Banking-as-a-Service (BaaS), API-led financial infrastructure, and SaaS platforms, plus embedded finance solutions. On top of that, it includes compliance technology and builds digital financial infrastructure in a more holistic way. The company is additionally strengthening its enterprise side by helping banks, NBFCs, fintechs and businesses connect financial services through secure application programming interfaces and scalable technology platforms.

Alongside its assisted fintech network, MJ Digital Services is now expanding its tech stack through software-as-a-service solutions, plus API-based financial infrastructure and enterprise-level digital platforms. Honestly, the idea is to give banks, NBFCs, fintech companies, enterprises and merchant networks a smoother way to plug in digital payments, identity checks, collections, merchant onboarding, financial service delivery and other embedded financial features directly into their own systems. The solutions are meant to make integration feel more seamless and less time-consuming, so ecosystem partners can launch with confidence. With an API-first architecture in place, the company can support faster connections, better scaling and safer digital financial experiences, even as partners grow and their needs shift a little.

The new corporate identity kind of marks the company’s next phase of growth as it expands its technology capabilities, strengthens partnerships with banks and financial institutions and also develops new digital platforms to speed up financial inclusion, or economic empowerment, if you will. It’s all moving a bit faster these days.

Commenting on the announcement, Shams Tabrej, Co-founder & CEO, MJ Digital Services, said, “Our new corporate identity shows how our purpose has shifted. Over the years, Ezeepay has gained the trust of lakhs of merchants and millions of customers by making financial services easier to reach. As we expand our technology capabilities, we’re also building scalable SaaS platforms and API-led financial infrastructure that will help banks, fintechs, enterprises, and ecosystem partners move ahead faster while making digital financial services more accessible across India.”

The new identity also underlines the company’s resolve to help local entrepreneurs turn into digital financial service providers within their own communities. By pairing technology with a robust assisted commerce network, MJ Digital Services continues to align with the Government of India’s vision of a digitally empowered economy. And yes, it’s meant to feel practical, not just theoretical.

As digital financial adoption gathers pace across the country, the company plans to invest more in product innovation, merchant enablement, AI-powered financial technologies, compliance, and scalable infrastructure to better match the changing needs of consumers, businesses, and financial institutions. With this refreshed corporate identity, MJ Digital Services intends to boost its position as a dependable partner in India’s digital financial shift while still growing the reach of the Ezeepay brand, step by step.

Bengaluru, 17 July 2026: Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurance companies, is proud to announce that it has registered 37 Million Dollar Round Table (MDRT) qualified Advisors in Karnataka, underscoring its commitment to excellence in financial advisory services. According to the 2026 Global MDRT Ranking, the Company registered 6 Advisors from Bengaluru, along with 7 Advisors from Bidar and 7 Advisors from Udupi, for the coveted MDRT title.

The milestone underscores the scale, quality and consistency of Tata AIA’s advisor network. Notably, 695 of the qualifiers nearly half are women. That is a structural signal about who is building a career at the front line of Indian financial advice, and it reflects Tata AIA’s commitment to a genuinely inclusive advisor ecosystem.

The ranking highlights Tata AIA’s focus on full-time, professional advisors who guide consumers in protecting their dreams and on building an advisor community defined by consumer understanding, professional conduct and expertise.

Key MDRT Highlights:

• 1,397 MDRT-qualified advisors across Tata AIA’s network
• 695 women MDRT members, representing nearly 50% of the qualifiers
• No. 13 globally based on count of MDRT members
• No. 1 in India for advisors with five to nine years of MDRT qualification, with 207 advisors in this category

MDRT: A Global Benchmark for Financial Advice

Million Dollar Round Table, or MDRT, is widely recognised as a global benchmark of excellence in the life insurance and financial services profession. MDRT-qualified advisors are known for their professional knowledge, ethical conduct, productivity and commitment to high standards of customer service.

Whether consumers are securing the future of their loved ones, planning for a child’s education, preparing for retirement or building long-term wealth, Tata AIA’s MDRT-qualified advisors help them evaluate their needs and make confident financial decisions.

Building Full-Time Advisor Entrepreneurs

Tata AIA remains committed to creating full-time career opportunities for individuals who aspire to achieve professional success while making a positive difference in people’s lives.

Powered by Tata AIA Aura platform, its advisors are nurtured into high-potential talent through structured learning, mentorship, continuous capability development and digital enablement. This equips advisors with the knowledge and tools required to deliver quality financial guidance while building sustainable, full-time careers in financial services.

With women making up nearly half of its MDRT qualifiers, Tata AIA is helping redefine who succeeds at the top of the profession evidence that a full-time career in financial advice is now genuinely open to everyone and that women are increasingly building respected, rewarding careers as financial advisors.

Rakesh Sharma, Chief Distribution Officer – Proprietary Business, Tata AIA Life Insurance, said,
“We are humbled to be ranked No. 1 in terms of MDRT qualifiers in India for four consecutive years. This accolade reflects the quality, consistency and commitment of our advisors. The recognition for retained MDRT members and advisors with five to nine years of qualification is especially encouraging, as it demonstrates sustained excellence. We will continue to develop a future-ready advisor community that is dedicated full time to this noble profession and delivers trusted, needs-based financial guidance across India.”

Strengthening Long-Term Consumer Trust

MDRT-qualified advisors play an important role in strengthening consumer relationships by recommending suitable solutions and providing continued support throughout the policy lifecycle.

In FY26, Tata AIA ranked No. #1 in four of five persistency cohorts for FY26, a direct measure of how many customers keep their policies in force. Persistency is an important indicator of policy continuation, consumer retention and long-term trust.Note: ^# Ranking and Comparison of Top Insurers Based on Business Volume and Vintage Persistency numbers are measured in single decimal. 

Together, Tata AIA’s MDRT leadership and persistency performance demonstrate its commitment to combining professional financial guidance with enduring value for consumers.

Mumbai, 17 July 2026: Building on the encouraging response to its inaugural edition, FinX has today announced the launch of Season 2 of the Franklin Templeton National Mutual Fund Olympiad (FTNMFO) 2026, Knowledge Partner Groww. The initiative is supported by BFSI Sector Skill Council of India & FPA Edutech.  Registrations are now open, inviting undergraduate and postgraduate students across all academic streams from colleges Pan India. Its inaugural edition attracted over 10,000 students from more than 400 colleges across the country, establishing itself as one of India’s largest student-focused financial literacy initiatives and a credible platform for advancing investment awareness among young learners.

Building on the momentum of its first edition, Season 2 aims to significantly expand its reach by engaging 50,000 students from 1,000 colleges nationwide. Students of the empaneled colleges can register through the registration portal. Through a structured, multi-level competition, participants will be assessed on their understanding of investment fundamentals, mutual fund products, financial planning, wealth creation, market concepts and emerging investment avenues.

The second edition has already garnered participation from several of India’s premier educational institutions, including the IIM Bangalore, IIM Indore, IIM Vizag, IIT Kharagpur, IIT Dhanbad, VIT Vellore, IIFT Kolkata, Delhi Technological University (DTU), BITS Goa, Christ University, Lady Shri Ram College (Delhi University), among others. Their participation reflects the growing recognition of the Olympiad as a credible national platform for advancing financial literacy and investment education among students.

Powered by the FinX ecosystem, the Olympiad is being delivered as an end-to-end, technology-enabled learning experience. From participant registrations and assessments to analytics, and engagement, FinX seamlessly orchestrates every stage of the initiative, enabling the delivery of a national-scale financial education programme with efficiency and impact.

Speaking on the launch of the second edition, Mr. Avinash Satwalekar (President, Franklin Templeton Asset Management (India) Pvt.) said, “The enthusiastic response to the inaugural Franklin Templeton National Mutual Fund Olympiad reaffirmed the growing interest among young Indians to build practical financial knowledge beyond the classroom. At Franklin Templeton, we believe financial literacy is an essential life skill, and initiatives like the Olympiad help equip students with the confidence to make informed financial decisions while improving their understanding of the evolving investment landscape.”

Speaking on the launch, Mr. Himanshu Vyapak (MD & CEO, FinX) said, “The Franklin Templeton National Mutual Fund Olympiad has evolved into a unique platform that brings together academia and industry to make financial education more engaging, accessible and relevant for students. With Season 2, we aim to significantly expand our reach, deepen engagement across campuses and continue building a financially aware generation that is better prepared for the opportunities and responsibilities of India’s evolving financial ecosystem.”

Through the Olympiad, Franklin Templeton and FinX continue their shared commitment to advancing financial literacy and creating meaningful learning opportunities for India’s youth. By bringing together academic institutions and industry expertise, the initiative seeks to equip students with the knowledge, confidence and practical understanding needed to navigate an evolving financial ecosystem while building greater awareness of long-term investing and wealth creation.

Summit Equity Long-Short Fund is designed to capture both directional upside through long positions and tactical downside opportunities through short positions. The strategy reflects the core philosophy of Summit SIF: adapting to market conditions while seeking alpha.

This investment strategy will combine two distinct strategies to deliver an edge to the portfolio: A directional long strategy driven by a bottom-up stock selection process anchored in Invesco Asset Management (India)’s categorization framework; A Tactical short position via derivatives aimed at capturing downside opportunities in stocks expected to underperform. The investment strategy will be managed by Mr. Hiten Jain and will be benchmarked to BSE 500 TRI.

Speaking at the launch, Mr. Saurabh Nanavati, MD & CEO, Invesco Asset Management (India) Pvt. Ltd. said, “We are at an inflection point in Indian asset management. The SIF category gives experienced investors access to a level of portfolio flexibility that was previously the preserve of institutional capital. Summit SIF is our commitment to bringing specialized investment thinking to India’s next generation of wealth builders.”

Mr. Hiten Jain, Fund Manager, Invesco Mutual Fund further said, “In today’s dynamic markets, alpha generation extends beyond simply riding the tide – it requires navigating both opportunity and risk. Conventional long-only funds can make money when stock prices go up. However, return generation within markets is inherently non-linear and characterized by periodic dislocations. Summit Equity Long-Short Fund is designed to capture both long and short opportunities enabling it to effectively capitalize on market volatility and evolving opportunities.”

The minimum investment amount during the NFO is ₹10,00,000/- and in multiples of ₹1/- thereafter. In case of Accredited investors, the minimum investment amount during the NFO is ₹1,00,000/- and in multiples of ₹1/- thereafter. For SIP investments, the minimum application amount is ₹1,000/- and in multiples of ₹1/- thereafter subject to maintaining investment threshold of ₹10,00,000 across all investment strategies of Summit SIF.

The investment strategy will charge an exit load of 0.50% for units redeemed / switched out on or before 3 months from the date of allotment. No exit load will be charged if units are redeemed / switched out after 3 months.

The New Fund Offer (NFO) is open for subscription from today (July 2, 2026) and will close on July 16, 2026.

SEBI Registered Name – Kotak Mahindra Mutual Fund | SEBI Registered Number – MF/038/98/1

Hyderabad, July 8, 2026: Kotak Mahindra Asset Management Company Ltd. (“KMAMC” / “Kotak Mutual Fund”) is pleased to announce the launch of the Kotak Nifty Private Bank ETF, an open-ended scheme replicating/tracking the Nifty Private Bank Index. The scheme opens for public subscription on July 8, 2026, and will close on July 15, 2026. 

The Nifty Private Bank index tracks the performance of the leading 10 private sector banks which are selected from Nifty 500 universe based on their free-float market capitalisation. The index provides exposure to India’s leading private sector banks through a rule-based, transparent methodology. The index is rebalanced semi-annually.

Speaking on the launch Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd. said, “At Kotak Mutual Fund, we remain committed to offering innovative investment solutions that align with the evolving need of investors. The Kotak Nifty Private Bank ETF provides investors with a simple and cost-efficient way to participate in the growth of India’s leading private sector banks. This ETF enables investors to gain diversified exposure to a key segment of financial sector through rule-based investment approach.” 

Satish Dondapatti, Fund Manager, Kotak Mahindra Asset Management Company Ltd. added, “The Kotak Nifty Private Bank ETF is designed to replicate the performance of Nifty Private Bank Index by investing in its constituents in the same proportion, subject to tracking error. This ETF provides investors with a transparent, passive investment strategy to participate in the long-term growth potential of India’s private banking sector.” 

Past performance may or may not be sustained in future. For detailed index methodology kindly visit www.niftyindices.com. For more details on the Kotak Nifty Private Bank ETF please visit: https://www.kotakmf.com 

Investors are advised to consult their financial expert before making any investment decisions.