Regulatory Update: SEBI Introduces GARUDA Green-Channel Mechanism to Expedite AIF Scheme Launches On 30 July 2026, SEBI introduced the GARUDA green-channel framework, allowing regular AIF schemes to launch 10 working days after filing the Private Placement Memorandum through a merchant banker, unless objections are raised. The mechanism applies immediately to subsequent filings.
Economy Update: Industrial Production Grows 7.3% in June, Six-Month High Synopsis: India’s Index of Industrial Production rose 7.3% year-on-year in June 2026, the strongest expansion in nearly two years, driven by acceleration in manufacturing and electricity generation. The figure exceeded most economists’ expectations and pointed to resilient industrial activity.
Results Update: Bajaj Finance Reports 28% Rise in Q1 FY27 Consolidated Profit Bajaj Finance, a Nifty 100 constituent, announced consolidated net profit of approximately ₹6,081 crore for the quarter ended 30 June 2026, up about 28% year-on-year, driven by 23% growth in net interest income and 24% expansion in assets under management to ₹5.47 trillion. Asset quality improved with lower gross and net NPA ratios.
Sector Update: RBI Issues Consolidated Supervisory Directions for Banks and NBFCs On 31 July 2026, the Reserve Bank of India released a comprehensive set of Consolidated Supervisory Directions applicable to commercial banks, small finance banks, payments banks, NBFCs and other regulated entities. The framework consolidates and updates supervisory requirements across multiple operational and compliance areas.
