Bank of Maharashtra posted a 35% year-on-year increase in net profit to Rs 2,014 crore for Q4FY26, with net interest income rising 20%, signaling broad-based operating momentum. Advances and deposits both expanded robustly over the quarter, contributing to full-year profit growth of 27% for FY26. Asset quality strengthened alongside earnings growth, with gross and net non-performing asset ratios declining, a combination that reduces provisioning pressure and supports capital deployment flexibility. The bank declared a total dividend of 22% for FY26, reflecting confidence in earnings sustainability. For investors, the concurrent improvement in profitability and asset quality is the key signal: cleaner books reduce tail risk while NII expansion points to pricing power holding despite sector-wide margin scrutiny. Watch whether advance growth sustains into FY27 and whether NPA ratios continue their downward trajectory as the credit cycle matures.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
