India Financial Daily

Research evidence excerpt

India Financial Daily

has no impact on the bank, though Bottom Performers Price %1d

it signals stress at the holding level. Jana Holdings’ stake has declined to 17% (from ~22% MMFSTourism Finance Corporation of India 31675 -4%-4%

a year ago). Additionally, NCD repayments have been extended by six months to allow the IIFL Finance 490 -4%

promoter additional time to monetize its stake. (1 Jul, NDTV) FusionKotak BankMicro Finance Ltd 186396 -4%-3%

. ICICI Lombard 1,768 -3%

BoB partners with Mizuho Bank to strengthen M&A financing capabilities. Bank of Baroda Source: Bloomberg, Jefferies; Universe covers financials with

mkt cap > US$200mn

has partnered with Mizuho Bank to collaborate on M&A financing, combining Mizuho’s global

& structured finance expertise with BoB’s strong domestic franchise. The tie-up will focus Exhibit 4 - Key events to watch out for

on joint origination, structuring, underwriting & syndication of acquisition financing, alongside 06/29/2026Calendar BankEvents/resultsloan Y/Y, Deposit Y/Y

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

PMI (Final), Foreign ReserveM&A advisory, risk distribution and related services. (30 Jun, ET) 07/01/202607/03/2026 S&P Global PMI Manufacturing SA (Final)

07/10/2026 Foreign Reserve

07/12/2026 CPI Y/Y

IRDAI approves two general insurance licences post 100% FDI move. IRDAI has approved 07/14/202607/15/2026 MonthlyExports YoY,WPITradeNSA Y/YBalance NSA, Imports YoY

Global Composite PMI SA (Flash), S&P Global PMI Manufacturing SA (Flash), S&Ptwo 100% foreign-owned general insurers post FDI liberalisation, signalling rising global 07/17/202607/24/2026 ForeignS&PGlobal/HSBCReserve India Services PMI (Flash), Foreign Reserve

interest.