India Financial Daily: India | Financial Daily

Research evidence excerpt

India Financial Daily: India | Financial Daily

al window do not have any CRR/SLR requirements, making it more attractive Spandana Sphoorty Financial 256 5%

for banks. YESBottomBANKPerformersLTD Price25 %1d5%

BSE 3,999 -4%

Emirates NBD acquires 60% stake in RBL Bank. RBL Bank has issued 920mn shares at Rs280/ CITY UNION BANK LTD 200 -2%

share to Emirates NBD, in line with prior disclosures. Post issuance, Emirates NBD holds a 60% SuryodayABSL AMCSmall Finance Bank 1,098170 -2%-2%

stake and has been classified as the promoter. The board has also inducted five additional non- . Paisalo Digital Ltd 58 -2%

executive, non-independent directors as Emirates NBD nominees, while two existing directors Source:mkt capBloomberg,> US$200mnJefferies; Universe covers financials with

have resigned to facilitate board reconstitution. (Jun 18, BSE Filing)

Exhibit 4 - Key events to watch out for

Bank loan Y/Y, Deposit Y/Y, Foreign ReserveGovt announces leadership changes across insurance sector. The government has 06/19/2026Calendar Events/results

S&P Global Composite PMI SA (Flash),

06/23/2026

Global/HSBC India Services PMI (Flash)announced key leadership changes across the insurance sector, including the appointment 06/26/2026 Foreign Reserve S&P Global PMI Manufacturing SA (Flash), S&P

06/28/2026 Industrial Production NSA Y/Y

06/29/2026 Bank loan Y/Y, Deposit Y/Yof Hitesh Joshi as CMD of GIC Re & multiple appointments at IRDAI to strengthen regulatory 07/01/2026 S&P Global PMI Manufacturing SA (Final)

loan Y/Y, Deposit Y/Y, S&P Global Composite PMI SA (Final), S&P Global/HSBC India Services

PMI (Final), Foreign Reserveoversight. Dinesh Pant (ex-LIC) and Girija Subramanian (ex-New India Assurance) have been 07/03/202607/10/2026 Bank Foreign Reserve