India NCLT Insolvency Resolution Filings — April 04, 2026

Total business +14% YoY to ₹6,00,536 Cr, deposits +12% YoY to ₹3,46,998 Cr, net advances +16% YoY to ₹2,53,538 Cr, with Q4 recovery after Dec dip

CASA +7% YoY to ₹1,54,873 Cr post-Dec decline to ₹1,35,632 Cr, indicating deposit franchise strengthening

Loans & Advances +10.7% YoY and +5.8% QoQ to ₹272,454 Cr, deposits +12.1% YoY and +9.0% QoQ to ₹318,970 Cr

CASA +14.9% YoY and +12.5% QoQ to ₹111,960 Cr, boosting CASA ratio to 35.1% from 34.0% QoQ

Fire incident at SHP Platform controlled promptly by 3 Apr 2026 evening, operations normalized, no further disruptions

IDBI advances growth +16% YoY outperforms Yes +10.7% YoY, both deposits ~12% YoY, signaling sector-wide recovery

Credit to Deposit ratio eases to 85.4% from 88.0% QoQ, reflecting prudent lending post-growth

Minor injuries to 10 personnel stable, no operational impact, quick resolution enhances management response credibility

Total business acceleration to 14% YoY from prior softness, Q4 rebound in all metrics

SEBI Reg 74(5) compliance confirmed for Q1 FY27, securities processed timely, routine governance strength

LCR declined to 119.0% from 123.8% QoQ and 125.0% YoY, first dip below 120% in recent quarters

All figures provisional, subject to Audit Committee, Board, and Statutory Auditors approval

Fire incident at Mumbai High SHP Platform on 3 Apr 2026, 10 personnel injured despite minor/stable status

Figures subject to statutory audit, Dec 2025 softness in deposits/CASA could resurface if not sustained

Easing to 85.4% from 88.0% QoQ may signal slower loan growth ahead amid liquidity pressures

Mixed sentiment on incident despite resolution, potential for insurance/reputational costs

Deposits dipped to ₹3,07,858 Cr and CASA to ₹1,35,632 Cr in Dec 2025 before Q4 recovery

Used Dec 2025 provisions for Mar 2026, potential adjustments on audit

16% YoY advances and 14% business growth position for NPA resolution upside in insolvency stream

14.9% YoY CASA surge to 35.1% ratio offers margin expansion potential vs peers

Both IDBI (+14% business) and Yes (+12% deposits) outperform, alpha in undervalued bank stocks post-IBC

Normalized operations post-fire create buy-on-dip if shares react negatively short-term

IDBI's 16% advances growth vs Yes 10.7% suggests rotation into higher-growth lender

9% QoQ deposits to ₹318,970 Cr supports turnaround thesis amid NCLT resolutions

Timely SEBI filing reinforces operational stability for port assets in insolvency watch

Yes LCR dip to 119% vs IDBI stability offers pairs trade long IDBI/short Yes pre-audit

2/2 banks (IDBI +14% business, Yes +10.7-12.1% loans/deposits) show strong YoY expansion, Q4 QoQ recovery (avg +8-10%), implying IBC asset quality tailwinds [IMPLICATION: Sector rotation bullish]

Yes Bank +14.9% YoY/35.1% ratio outperforms IDBI +7%, but both rebound from Dec lows, signaling low-cost funding revival [IMPLICATION: Margin upside potential]

Yes LCR -4.8% QoQ to 119% contrasts stable peers, potential sector-wide if rates rise [IMPLICATION: Monitor RBI actions]

Both banks' Q4 FY26 figures provisional/subject to audit, common theme delaying full insights [IMPLICATION: Pre-earnings volatility]

ONGC fire controlled swiftly (mixed sentiment), no Adani disruptions, low materiality events not derailing ops [IMPLICATION: Buy quality on noise]

Provisional Q4 FY26 figures (business ₹6L Cr) subject to statutory audit, watch for confirmations/updates [Post-Mar 2026]

Loans ₹272k Cr, LCR 119% pending Audit Committee/Board/Statutory approval [Near-term Apr 2026]

Monitor Liquidity Coverage Ratio post-119.0% dip, quarterly average consolidated basis [Q2 FY27]

Post-fire ops normalization at Mumbai High, watch for insurance claims or recurrence [Ongoing Apr 2026]

CASA recovery from Dec ₹1.35L Cr low, track sustainability vs YoY +7% [Q1 FY27]

Easing to 85.4%, watch if loan growth accelerates or liquidity tightens further [Earnings call TBD]

Next Reg 74(5) certificate for Jun 2026 quarter, routine but governance signal [Jul 2026]