Banking & Financial Services

The Banking & Financial Services Research provides comprehensive analysis of ICRA-rated banks, NBFCs, brokerages, and insurance companies. The research on banks covers small finance banks including detailed banking statistics. For NBFCs, the research encompasses affordable housing finance, microfinance institutions, infrastructure-focused NBFCs, as well as retail and commercial finance NBFCs, along with housing finance statistics.

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Regular Research

Special Comments

Date	Reports	Category	Price
31 Oct 2025	Key financial and operational statistics of Indian banking sector	Annual Update	--
31 Oct 2025	Reduction in GST rates to boost domestic demand and offset global uncertainties	Quarterly Update	--
31 Oct 2025	Earnings likely to remain healthy despite pressure on margins; notable decline in bond issuances in Q2 FY2026 amid rising yields	Quarterly Update	--
30 Oct 2025	Bank credit growth picks up pace with borrowers shifting to banks from bond market in Q2 FY2026; trend remains monitorable in H2 FY2026	Quarterly Update	--
08 Oct 2025	Organised gold loan AUM projected to reach Rs. 15 trillion in FY2026; banks continue to increase share	Thematic Report
30 Sep 2025	Consistent growth and resilient earnings profile underpinned by robust asset quality	Annual Update	--
25 Sep 2025	GST rate cuts to support consumption, which along with surplus liquidity would drive bank’s credit growth	Quarterly Update	--
29 Aug 2025	Persistent asset quality challenges to dampen profitability and growth expectations in FY2026	Half-yearly Update	--
29 Aug 2025	Growth momentum sustains at a slower pace; improving operational efficiency crucial as competition intensifies	Half-yearly Update	--
31 Jul 2025	Well positioned for sustained growth; maintaining prudent credit oversight and efficient operational management is crucial	Thematic Report
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Most Trending Research Reports

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026

Micro Finance Institutions

29 Aug 2025

NBFCs hit the slow lane as demand tapers

NBFC – Retail & Commercial Finance

31 Jul 2025

Industry volumes remained flattish YoY in Q1 FY2026; gradual recovery expected in the near term

Commercial Vehicles

29 Aug 2025

Growth momentum sustains at a slower pace; improving operational efficiency crucial as competition intensifies

Affordable Housing Finance

29 Aug 2025

From fixed to flexible: Evolving models for sale of power by renewable power IPPs

Renewable Energy

30 Sep 2025

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Credit Perspective Reports

ICRA's 'Credit Perspectives' provide detailed analysis on ratings assigned. These reports broadly cover the following areas: Key rating considerations..

What's latest in CPR

Apeejay Surrendra Park Hotels Limited
31 Oct 2025
Oriental Aromatics Limited
31 Oct 2025
Dalmia Cement (Bharat) Limited
31 Oct 2025
Deepak Industries Limited
31 Oct 2025
Ashiana Housing Limited
31 Oct 2025

Rating Rationales

Name	Email	Phone
31 Oct 2025	HT Media Limited: Rating reaffirmed
31 Oct 2025	SRJ Peety Steels Private Limited: Long-term rating reaffirmed; short-term rating reaffirmed and withdrawn
31 Oct 2025	United Breweries Limited: Ratings reaffirmed for bank facilities; reaffirmed and withdrawn for commercial paper
31 Oct 2025	Hindustan Media Ventures Limited: Rating reaffirmed
31 Oct 2025	Studio 18 Media Private Limited: Rating withdrawn
31 Oct 2025	NCML Finance Private Limited: Moved to Non-Cooperating category
31 Oct 2025	Economic And Entrepreneurship Development Foundation: Rating downgraded
31 Oct 2025	Qatar National Bank (Q.P.S.C), India Branch: Rating reaffirmed
31 Oct 2025	International Travel House Limited: Ratings reaffirmed
31 Oct 2025	Transport Corporation of India Limited: Rating reaffirmed for bank facilities; commercial paper rating reaffirmed and withdrawn