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PRE-MARKET INDIAN STOCKS NEWS: Indian banks' Q2 business updates

StockNow breaking-news AI analysis

The roundup reports six banks’ Q2 business figures and company-specific leadership, production, pricing, property, contract, and market updates.

News detail

Aurobindo Pharma (ARBP IN) - Co. received final US FDA approval for Perampanel tablets in strengths ranging from 2mg to 12mg, allowing it to manufacture and market the anti-epileptic drug in the US. (Economic Times) Bajaj Finance (BAF IN) - Co.’s board approved a preferential issue of warrants convertible into an equivalent number of equity shares. (Economic Times) Bandhan Bank (BANDHAN IN) - Co.’s loans and advances rose 13.1% Y/Y to INR 1.58 lakh crore as of September 30, while deposits rose 9.2% Y/Y to INR 1.73 lakh crore and retail term deposits increased 16.8% Y/Y to INR 79,340 crore. (Economic Times) Bank of Baroda (BOB IN) - Co.’s global business rose 17.45% Y/Y to INR 32.64 lakh crore as of September 30. (Economic Times) Canara Bank (CBK IN) - Co.’s Q2 domestic advances rose 16.8% Y/Y to INR 12.63 lakh crore, global business increased 15.8% Y/Y to INR 30.71 lakh crore and domestic deposits rose 11% Y/Y to INR 15.48 lakh crore. (Economic Times) DLF (DLFU IN) - Co. announced the complete sell-out of The Aureva, its luxury residential community in Sector 63, Gurugram, aimed at the retirement segment. (Economic Times) HDFC Bank (HDFCB IN) - Co. appointed Anup Bagchi as Managing Director and CEO for a three-year term following approval from the Reserve Bank of India. (Economic Times) Hindustan Zinc (HZ IN) - Co.’s Q2 mined metal production rose 5% Y/Y to 271k tonnes, while saleable metal production increased 7% Y/Y to 264k tonnes. (Economic Times) ICICI Prudential Life Insurance (IPRU IN) - Co. appointed Siddharth Mishra as Managing Director and CEO for a five-year term, succeeding Anup Bagchi following his move to HDFC Bank. (Economic Times) IDBI Bank (IDBI IN) - Co.’s Q2 total business rose 18% Y/Y to INR 6.27 lakh crore. (Economic Times) Indian Bank (INBK IN) - Co.’s Q2 total business rose 14.2% Y/Y and 4.4% Q/Q to INR 15.96 lakh crore. (Economic Times) Infosys (INFO IN) - Co.’s ADR gained nearly 8% in US pre-market trade on October 1 after Accenture reported stronger-than-expected Q4 results and issued a stronger FY27 revenue outlook. (Economic Times) MOIL (MOIL IN) - Co. raised manganese ore prices by 5% across all grades for October 2026. (Economic Times) Rail Vikas Nigam (RVNL IN) - Co. said East Coast Railway cancelled a letter of acceptance for the supply, installation, testing and commissioning of an IP-based video surveillance system for rolling stock. (Economic Times) Yes Bank (YES IN) - Co.’s Q2 loans and advances rose nearly 24% Y/Y to INR 3.1 lakh crore from INR 2.5 lakh crore. (Economic Times)

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