India's major financial institutions reported mixed fourth-quarter results for fiscal 2026, with HDFC Bank and ICICI Bank both posting profit gains while Jio Financial Services recorded a profit decline. Yes Bank was the standout performer, with net profit rising 44% year-on-year, signaling continued recovery momentum at the lender that underwent a government-led restructuring in 2020. HDFC Bank and ICICI Bank, the two largest private sector lenders by assets, extended their earnings growth streaks, reinforcing the sector's broad credit expansion cycle. Jio Financial Services bucked the trend with a quarterly profit dip, a notable divergence given parent Reliance Industries' aggressive push into financial services. IT services firm Mastek and consumer goods player Bajaj Consumer Care are also under analyst scrutiny this reporting cycle. The contrasting trajectories across these results suggest bifurcation within India's financial sector: established private banks consolidating gains while newer entrants absorb the cost of scaling operations. Investors will focus on net interest margin guidance and asset quality disclosures from HDFC Bank and ICICI Bank as forward indicators for sector credit health.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
