India Financial Daily

Research evidence excerpt

India Financial Daily

IGITLabs GENERAL INSURANCE L 307157 1%1%

NUVAMA WEALTH MANAGEMENT LTD 1,936 1%

RBI revises bank board governance norms. RBI has revised bank board governance norms CreditAccessBottom PerformersGrameen Price1,468 %1d-5%

effective Oct-1, adopting a principle-based approach that gives boards greater flexibility while UTI AMC 986 -4%

retaining oversight on risk, compliance, financial performance and customer protection. This CANBANKFINOFHOMESMAHARASHTRALTD 89879 -4%-4%

will enable more effective use of board time & also requires boards to explicitly define the . Equitas Small Finance Bank 80 -4%

matters reserved for their approval and to periodically review delegated powers. (14 Jul, ET) Source:mkt capBloomberg,> US$200mnJefferies; Universe covers financials with

RBI proposes easier norms for institutional ownership in banks. RBI has proposed a one-time Exhibit 4 - Key events to watch out for in

approval framework for mutual funds, insurers & pension funds to acquire major shareholdings Jul-26

Calendar Events/results

10-Jul-26 Foreign Reserve(+5%) in banks, allowing approved investors to raise stakes up to 10% in the same bank without 12-Jul-26 CPI Y/Y

seeking repeated regulatory approvals. (14 Jul, Business Standard) 13-Jul-2614-Jul-26 1QFY27Monthly Results:WPI NSAICICIY/YAMC

15-Jul-26 1QFY27:Exports YoY,HDFCTradeAMC,BalanceHDFC NSA,Life, ICICIGI,ImportsIPruYoYLife, Groww, HDB

PFLNBFCs poised for stronger growth on improved liquidity. NBFCs are entering FY27 with 16-Jul-2617-Jul-26 1QFY27:1QFY27:Foreign ReservePiramalF

18-Jul-26 1QFY27 Results: HDFCB, ICICBC, AXIS, KMB, PNB, CANFcleaner balance sheets and easing AQ stress, supporting stronger credit growth & earnings 21-Jul-26 1QFY27 Results: MMFS

recovery.