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	Sector	Reports	Category	Price
23 Jul 2026	Micro Finance Institutions	Asset quality shows signs of stabilisation; impact of below-normal rainfall and West Asia conflict remains monitorable	Thematic Report
30 Jun 2026	Banking	Enhanced fund inflow from FCNR deposits will boost credit growth	Quarterly Update	--
29 Jun 2026	General Insurance	Robust growth in retail health segment expected to support overall premium performance	Annual Update	--
05 May 2026	General Insurance	Tailwinds support growth in challenging environment	Thematic Report
30 Apr 2026	Housing Finance Companies	AUM surpasses Rs. 10 lakh crore; performance likely to remain resilient despite macroeconomic and competitive pressure	Quarterly Update	--
30 Apr 2026	NBFC – Retail & Commercial Finance	Growth momentum to sustain at a range-bound pace in FY2027	Quarterly Update	--
27 Apr 2026	Financial Markets & Banking Update	Bond issuance rose sequentially in Q4 FY2026, bringing full-year volumes in line with ICRA’s estimates	Quarterly Update	--
24 Apr 2026	Life Insurance	Tailwinds support growth in challenging environment	Thematic Report
31 Mar 2026	Affordable Housing Finance	Portfolio growth to remain healthy notwithstanding some moderation; managing asset quality will remain crucial	Half-yearly Update	--
26 Mar 2026	Banking	Credit growth remains buoyant; geopolitical uncertainties cast shadow	Quarterly Update	--
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Most Trending Research Reports

Securitisation market begins FY2027 on a strong note, with Q1 volumes at Rs. 61,000 crore

Market Update

20 Jul 2026

Healthy demand momentum continues; weak monsoon outlook poses near-term risks

Tractors

20 Jul 2026

Healthy YoY retail and wholesale volume growth in June 2026

Passenger Vehicles

23 Jul 2026

Asset quality shows signs of stabilisation; impact of below-normal rainfall and West Asia conflict remains monitorable

Micro Finance Institutions

23 Jul 2026

Weighted average SGS cut-off rose by 4 bps to 7.59%; spread between 10-year SGS and G-sec yield stood at 72 bps

State Government Finance

14 Jul 2026

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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

Nissan Renault Financial Services India Private Limited
24 Jul 2026
DAESEUNG AUTOPARTS INDIA PRIVATE LIMITED
24 Jul 2026
Mindstone Mall Developers Private Limited
23 Jul 2026
Tamil Nadu Power Distribution Corporation Limited
22 Jul 2026
KEI Industries Limited
22 Jul 2026

Rating Rationales

Date	Category	Report
24 Jul 2026	Structured Finance Rating	Sarvagram Fincare Private Limited: Ratings upgraded for PTCs/SNs issued under secured and unsecured loan securitisation transactions
24 Jul 2026	Corporate Debt Rating	Darshita Aashiyana Private Limited: Placed on Rating Watch with Developing Implication
24 Jul 2026	Corporate Debt Rating	Dawntech Electronics Pvt Ltd: Placed on Rating Watch with Developing Implication
24 Jul 2026	Corporate Debt Rating	Divine Solutions Private Limited: Continues to remain under issuer non-cooperating category
24 Jul 2026	Corporate Debt Rating	Sri Vijaya Naga Jyothi Rice Mill (Veeravasaram): Continues to remain under issuer non-cooperating category
24 Jul 2026	Corporate Debt Rating	Marine Electricals (I) Limited: Ratings upgraded to [ICRA]A-(Stable)/[ICRA]A2+; rated amount enhanced
24 Jul 2026	Corporate Debt Rating	SKH Management Strategy Services India LLP: Rating reaffirmed
24 Jul 2026	Corporate Debt Rating	SKH Sheet Metals Components Private Limited: Ratings upgraded to [ICRA]A-(Stable)/[ICRA]A2+
24 Jul 2026	Corporate Debt Rating	SKH MANAGEMENT SERVICES PRIVATE LIMITED: Rating reaffirmed
24 Jul 2026	Corporate Debt Rating	RORITO INTERNATIONAL PRIVATE LIMITED: Continues to remain under issuer non-cooperating category