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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Special Comments

Date	Sector	Reports	Category	Price
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	--
25 Mar 2026	Life Insurance	Non-bank sponsored insurers gain share amid evolving distribution	Thematic Report
27 Feb 2026	Micro Finance Institutions	Asset quality shows signs of stabilisation; sector performance expected to improve in FY2027	Half-yearly Update	--
30 Jan 2026	Housing Finance Companies	HFCs lean on non-housing loans to protect margins and growth; earnings and growth likely to remain healthy during FY2026-FY2027	Quarterly Update	--
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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

Cholamandalam Investment and Finance Company Limited
16 Jun 2026
Tata Consumer Products Limited
16 Jun 2026
IDFC First Bank Limited
16 Jun 2026
Industrial Energy Limited
16 Jun 2026
KP Green Engineering Limited
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Rating Rationales

Date	Category	Report
16 Jun 2026	Corporate Debt Rating	One International Center Private Limited: Rating withdrawn
16 Jun 2026	Financial Sector Rating	Keertana Finserv Limited: Rating confirmed as final for PTCs backed by a pool of Home Loan and Loan against property receivables
15 Jun 2026	Mutual Fund Rating	SBI Funds Management Limited: Ratings reaffirmed
15 Jun 2026	Corporate Debt Rating	Vena Energy JMD Power Private Limited: Update on material event
15 Jun 2026	Financial Sector Rating	360 ONE Prime Limited: [ICRA]AA (Stable) assigned to NCD programme; ratings reaffirmed and rated amount enhanced for commercial paper; ratings reaffirmed for other facilities
15 Jun 2026	Corporate Debt Rating	Boxco Logistics India Private Limited: Rating withdrawn
15 Jun 2026	Structured Finance Rating	Veritas Finance Limited: Rating withdrawn for PTC issued under secured business loan and home construction loan securitisation transaction.
15 Jun 2026	Corporate Debt Rating	360 ONE Alternates Asset Management Limited: [ICRA]AA (Stable) assigned to NCD programme and bank lines; rating reaffirmed for NCD programme
15 Jun 2026	Structured Finance Rating	IIFL Samasta Finance Limited: Rating actions for PTCs issued under a microfinance loan receivables securitisation transaction
15 Jun 2026	Structured Finance Rating	Muthoot Fincorp Limited: Rating confirmed as final for SNs backed by loan against property receivables issued by Tensor 2026