Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Navi UPI, today announced a partnership with IndusInd Bank to strengthen the technology infrastructure supporting its UPI operations. The partnership brings together IndusInd Bank's banking capabilities and Navi's technology know-how to help bolster and scale the foundation for Navi UPI as digital payments continue to grow.
At the heart of the partnership is a new UPI payment switch, which helps process and route transactions between participants in the UPI ecosystem. The addition of the new switch will further diversify Navi UPI's technology stack, while enhancing its resilience and ability to scale as its payments business grows.
The partnership was announced at the Global Fintech Fest 2026 in Mumbai, where the two organisations formally marked the milestone.
IndusInd Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 993.7, down 0.03% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 24066. The Sensex is at 76990.62, down 0.35%.IndusInd Bank Ltd has lost around 3.42% in last one month.Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has eased around 1.46% in last one month and is currently quoting at 57496.3, down 0.17% on the day. The volume in the stock stood at 5.68 lakh shares today, compared to the daily average of 10.11 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 1000, up 0.18% on the day. IndusInd Bank Ltd jumped 31.99% in last one year as compared to a 2.27% slide in NIFTY and a 6.29% spurt in the Nifty Bank index.
The PE of the stock is 61.82 based on TTM earnings ending June 26.
Federal Bank Ltd gained 3.17% today to trade at Rs 344.7. The BSE BANKEX index is up 0.99% to quote at 64949.27. The index is up 0.09 % over last one month. Among the other constituents of the index, IndusInd Bank Ltd increased 2.99% and IDFC First Bank Ltd added 2.82% on the day. The BSE BANKEX index went up 8.04 % over last one year compared to the 3.69% fall in benchmark SENSEX.
Federal Bank Ltd has lost 4.02% over last one month compared to 0.09% gain in BSE BANKEX index and 0.68% drop in the SENSEX. On the BSE, 2261 shares were traded in the counter so far compared with average daily volumes of 2.18 lakh shares in the past one month. The stock hit a record high of Rs 364.95 on 04 Aug 2026. The stock hit a 52-week low of Rs 188.45 on 04 Sep 2025.
Further, Crisil Ratings has reaffirmed its 'Crisil A1+’ rating on the short-term debt instruments of the bank.
Crisil Ratings stated that the revision in outlook factors in the gradual improvement in the earnings profile, stabilisation in the deposit franchise with increasing share of granular deposits, and the strategic shift in lending to relatively stable asset segments.
The bank reported profit of Rs 1,037 crore and return on assets (RoA) of 0.8% for the first quarter of fiscal 2027 (Rs 889 crore and 0.2%, respectively for fiscal 2026), driven by lower credit cost and better operating profit. Credit cost declined to around 1% for this period, from 1.5% for fiscal 2026.
Pre-provisioning profit (PPoP), as a percentage of average assets, has improved to 2.0% for the first quarter of fiscal 2027, as against 1.7% in fiscal 2026. Sustained improvement in profitability remains key monitorable.
With respect to the liability franchise, the bank has been reducing its reliance on high-cost deposits and focusing on more granular deposits. As a result, share of average retail deposits stood at 49.5% for the quarter ended June 30, 2026, as against 47.9% in the previous quarter.
This has also led to a drop in cost of deposits to 5.95%, from 6.07% for the previous quarter and 6.44% for the corresponding period of the previous fiscal. Sustained growth in retail deposits and improvement in the cost of deposits vis-à-vis peers remains monitorable for the bank.
On the assets side, the bank has adopted a balanced strategy and is focused on building a diversified loan portfolio across retail, SME and corporate loan segments. While it will leverage its strong presence in the vehicle finance and microfinance segments, it will also scale up secured asset classes, including home loans.
Further, the SME portfolio is likely to gradually build up and contribute 10–15% of the overall loan book over the medium term.
The ratings continue to reflect healthy capitalisation of the bank, with a high core equity ratio and adequate pre-provisioning profitability. However, these strengths are partially offset by the bank’s average asset quality and modest resource profile vis-à-vis peers.
IndusInd Bank is a new-generation private-sector bank. The bank has a pan-India presence, with around 6,560 branches and 2,853 automated teller machines (ATMs) as on 30 June 2026. It also has representative offices in Dubai, Abu Dhabi and London. It has four divisions: corporate and commercial banking, consumer banking, global markets group, and transaction banking.
The bank reported a 46.51% year-on-year (YoY) increase in standalone net profit to Rs 1,002.50 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 684.25 crore in the corresponding quarter last year. The lender's total income, however, declined 9.19% YoY to Rs 13,095.30 crore during the quarter.
The scrip shed 0.15% to currently trade at Rs 1010.40 on the BSE.
IndusInd Bank Ltd lost 2.03% today to trade at Rs 1011.05. The BSE BANKEX index is down 0.59% to quote at 64887.93. The index is down 1.97 % over last one month. Among the other constituents of the index, State Bank of India decreased 1.05% and AU Small Finance Bank Ltd lost 1.03% on the day. The BSE BANKEX index went up 5.29 % over last one year compared to the 3.36% fall in benchmark SENSEX.
IndusInd Bank Ltd has lost 1.57% over last one month compared to 1.97% fall in BSE BANKEX index and 0.33% drop in the SENSEX. On the BSE, 1629 shares were traded in the counter so far compared with average daily volumes of 3.91 lakh shares in the past one month. The stock hit a record high of Rs 1077.8 on 22 Jul 2026. The stock hit a 52-week low of Rs 710.85 on 26 Sep 2025.
The Bank stated that this lifetime-free card brings you Rs 21,495 every year, including Rs 18,000 in annual extra dining savings through payments on the EazyDiner app, a complimentary BookMyShow ‘Buy One Get One' movie ticket every month worth Rs 2,400 annually, and a three-month complimentary EazyDiner Prime membership worth Rs 1,095.
Shares of Kaynes Technology India are banned from F&O trading on 23 July 2026.
Earnings to Watch:
Infosys, Cipla, Motilal Oswal Financial Services, Meesho, Mphasis, Route Mobile, Vishal Mega Mart PVR Inox, Banaras Beads, Capital Small Finance Bank, Chennai Petroleum Corporation, Cipla, Coromandel International, Indiabulls and Indian Energy Exchange (IEX), Fractal Analytics will declare their results later today.
Stocks to Watch:
Shoppers Stop’s consolidated net loss narrowed to Rs 14.25 crore in Q1 FY27 comapred with Rs 15.74 crore in Q1 FY26. Revenue from operations jumped 11.22% YoY to Rs 1,291.41 crore in Q1 FY27.
IndusInd Bank reported a 46.51% year-on-year (YoY) increase in standalone net profit to Rs 1,002.50 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 684.25 crore in the corresponding quarter last year. The lender's total income, however, declined 9.19% YoY to Rs 13,095.30 crore during the quarter.
Hindustan Petroleum Corporation of India (HPCL) reported consolidated net loss of Rs 11,526.41 crore in Q1 FY27 compared with net profit of Rs 4,370.87 crore in Q1 FY26. Revenue from operations (excluding excise duty) jumped 26.93% YoY to Rs 1,39,889.86 crore in Q1 FY27.
Dr Reddy’s Laboratories’ consolidated net profit tumbled 68.72% to Rs 443.5 crore in Q1 FY27, compared with Rs 1,417.8 crore in Q1 FY26. Revenue from operations fell 5.56% YoY to Rs 8,070.5 crore in Q1 FY27.
Schaeffler India reported 13.47% jump in consolidated net profit to Rs 325.78 crore in Q1 FY27 compared with Rs 287.11 crore in Q1 FY26. Revenue from operations climbed 17.34% YoY to Rs 2,760.55 crore in Q1 FY27.