Overview
- On Friday, July 24, Shriram Finance reported a 59.8% year-on-year jump in consolidated net profit to ₹3,452.77 crore and AUM growth of 15.3%, and its board approved a debt issuance programme for August–October 2026.
- Several Indian lenders posted stronger Q1 FY27 results with Bank of India reporting a consolidated net profit of ₹1,747.39 crore and SBI Card reporting ₹654.44 crore while smaller banks such as Ujjivan, Suryoday, Capital SFB and DCB showed sequential or year-on-year profit gains and improving NPA ratios.
- SBI Life recorded a sharp fall in standalone profit to ₹53.99 crore for Q1 FY27 driven by large swings in investment income that created substantial sequential earnings volatility.
- In the U.S., the Federal Home Loan Bank of New York reported $153.3 million in Q2 net income and a large rise in advances to about $127.7 billion, and First Interstate posted $83.9 million in Q2 net income that included a $19.5 million gain from a branch sale and continued margin expansion.
- Key cross-market watch points are the durability of net interest margin gains, trends in deposit and funding costs, the level of provisions and absolute NPA balances, and how much reported profits rely on one-off gains or volatile investment returns.