India Financial Daily, 11 June 2026

Research evidence excerpt

India Financial Daily, 11 June 2026

and coverage across OTC & exchange-traded derivatives and related IFCIBottom Performers Price72 %1d-7%

transactions. The draft also outlines rules for clearing member exposures, option premium Manappuram Finance 288 -6%

treatment & disclosures, with feedback open till Jul-26 & implementation from Apr-27. (Jun IndostarFino PaymentsCapitalBankFinance 241133 -5%-5%

11, ET) . INDIAN BANK 834 -5%

Source: Bloomberg, Jefferies; Universe covers financials with

mkt cap > US$200mn

Indian banks to see further decline in bad loans despite economic challenges. AQ at Indian

banks is expected to improve further, with bad-loan ratios likely to decline even amid global and Exhibit 4 - Key events to watch out for

RBI Repurchase Rate, Foreign Exchange Reservesdomestic headwinds such as the Middle East conflict & weak rainfall risks. While AQ remains 5-Jun-202612-Jun-2026Calendar Events/results CPI YoY, Foreign Exchange Reserves

Foreign Exchange Reservesresilient, the report flags pressure on profitability, with NIMs moderating across banks despite 15-Jun-202619-Jun-202622-Jun-2026 Wholesale Prices YoY, Trade Balance, Exports YoY, Imports YoY, Unemployment Rate Eight Infrastructure Industries

Foreign Exchange Reservesthe improvement in credit quality. (Jun 10, The Hindu) 23-Jun-202626-Jun-202629-Jun-2026 HSBC India PMI Composite, HSBC India PMI Mfg, HSBC India PMI Services Industrial Production YoY

. 30-Jun-2026 Fiscal Deficit YTD INR, Bank Credit YoY

Source: Bloomberg, Jefferies

MFI portfolio remains stable with improving AQ. India’s MFI portfolio remained stable at

Rs3.3trn in Apr-26 despite slower lending & fewer active loans, indicating consolidation & a

shift to higher-ticket loans. Delinquency improved to 2.5% (from 2.6%), led by better mid/late-