BSE Bankex Banking Sector Regulatory Filings — May 02, 2026

Board approved FY26 audited results with unmodified opinion from Deloitte/M M Nissim, incorporating 12 subsidiaries' ₹2,731cr PAT pre-adjustments and ₹107cr from associates

Recommended dividend of ₹0.65 per ₹1 share for FY26, subject to AGM approval, signaling strong capital allocation and shareholder focus

Subsidiaries reported total assets ₹74,147cr, revenues ₹9,591cr, no auditor qualifications/adverse findings, clean close to FY26

Q4 FY26 spends surged 31% YoY to ₹1.15tn, FY retail spends +15% YoY to ₹3.54tn, driving topline expansion

PAT grew 14% YoY Q4 to ₹609cr and 13% FY26 to ₹2,167cr, outperforming revenue growth with operational leverage

Asset quality strengthened with GNPA at 2.41% (-46bps QoQ), gross credit cost 7.7% (-55bps QoQ), supporting profitability

Cost of funds declined 82bps YoY Q4 to 6.4% and 71bps FY26 to 6.7%, aiding net interest margins vs peers

Board meeting scheduled May 8, 2026 for Q4/FY26 results and possible dividend declaration, trading window closed since Apr 1

Promoters pledged 6.45% shares (2.86% by IndusInd Intl + 3.59% by IndusInd Ltd) from NIL encumbrance for refinancing

New account additions of 917k lower YoY amid quality-led growth, cost-to-income rose to 57.2% Q4 on higher corporate spends

Independent Director Radhakrishnan Nair retired May 1, 2026 post second term, routine but potential governance continuity risk

IndusInd Intl pledged 2.22cr shares (2.86% of holding) and IndusInd Ltd all 2.80cr shares (3.59%), first encumbrance from NIL, for debt refinancing via Catalyst Trusteeship

New account additions 917k lower YoY despite +31% spends, signaling calibrated sourcing (54% open market, 46% banca) may cap volume acceleration

Cost-to-income ratio climbed to 57.2% in Q4 FY26 due to elevated corporate spends, pressuring profitability amid 7% revenue growth

Window closed since Apr 1, 2026 for designated persons ahead of May 8 results, indicating high sensitivity/volatility potential

Retirement of Independent Director (DIN 07225354) effective May 1, 2026 post second term, monitor successor for board expertise continuity

Pledges created Mar 27, 2026 on 5.03cr shares total (6.45% stake), held by security agent for lenders, potential invocation risk

Revolver rate stable at 22% Q4 FY26 (22-24% last 2yrs), but slight downward bias expected FY27 could impact yields

Clean FY26 audit with ₹74kcr sub assets, ₹2.7kcr PAT contribution; earnings call recording live, potential re-rating vs BANKEX peers

₹0.65/share recommendation (record date pending), attractive yield amid unmodified results, outperformers in capital allocation

GNPA -46bps QoQ to 2.41%, credit cost -55bps to 7.7%; cost funds -82bps YoY, undervalued vs growth trajectory

May 8 board for Q4/FY26 results + dividend, analyst meet 5:15pm with webcast; position for beat on trading window discipline

FY26 revenue +11% to ₹20,708cr on +15% retail spends, revolver stable; alpha from FY27 downward rate bias improving affordability

Upcoming leverage/LCR/NSFR disclosures on website post-May 2 board, opportunity to gauge capital strength vs regulators

In-person/webcast May 8 post-results at State Bank Bhavan; invited event with presentation filing, extract guidance edges

Pledges for existing debt refinance (Mar 27), monitor delinking or payoff for share price unlock

3/9 filings (Kotak x3) confirm FY26 results rollout starting May 2, SBI May 8 next; clean audits (no quals) in Kotak vs BANKEX peers sets positive tone for results

Kotak recommends ₹0.65/share (first post-FY26), SBI potential May 8 declaration; contrasts reinvestment focus, avg yield uplift vs prior years

1/9 shows IndusInd pledges 6.45% from zero (Mar 27), isolated but flags mid-private bank refinancing needs amid high rates

SBI Cards sole metric reporter with Q4 revenue +7% YoY, PAT +14%, spends +31% (outlier vs bank filings); GNPA/QoQ improvements signal sector quality pivot

SBI Cards cost funds -71bps FY YoY but CIR + to 57.2% Q4; no peer comps but highlights volume-cost trade-off in high-growth plays

4/9 filings tie to May 2-8 catalysts (Kotak results/call, SBI board/meet), trading windows closed; 48hr post-results reopen signals short-term volatility alpha

Q4/FY26 results + dividend approval on May 8, 2026 Mumbai; trading window reopens 48hrs post, watch for guidance/beats [May 8, 2026]

Post-results interaction 5:15pm May 8 at State Bank Bhavan, webcast live; monitor deposit/NIM commentary [May 8, 2026]

₹0.65/share payout date/record to be announced post-AGM; track for yield capture amid clean results [TBD post-May 2026]

Leverage ratio, LCR, NSFR on website separately post-May 2 board; compare to BANKEX for capital outliers [Imminent post-May 2]

Monitor 6.45% promoter encumbrance (Catalyst Trusteeship) for invocation/payoff post-Mar 30 disclosure [Ongoing from Mar 2026]

Revolver rate 22-24% stable with downward bias, new sourcing mix; Q1 FY27 updates for spend/revenue trajectory [Q1 FY27]

Post-retirement of Radhakrishnan Nair (May 1), watch new Independent Director appointment for governance continuity [Short-term]

GNPA 2.41%, credit cost 7.7% QoQ trends; next quarter for sustained quality amid lower new accounts [Next filing]