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⚡ REC Q2 FY26 Results: Powering India’s Energy Ambitions Amid Prepayment Pressures 🌅 1️⃣ Introduction — Stability Shines in a Challenging Quarter Rural Electrification Corporation (REC), a backbone of India’s power financing ecosystem, delivered a steady Q2FY26 performance despite higher prepayments and modest loan growth. With a 10% YoY rise in PAT to ₹44.3 billion and a stable asset quality (NNPA at 0.24%) , REC continues to illuminate India’s infrastructure and renewable journey. Yet, behind the calm numbers lies a story of resilience — of an institution adapting to policy shifts, refinancing pressures, and the race to achieve Net Zero NPA by FY26 . 💹 2️⃣ Key Financial Highlights — Resilience Meets Reform PAT : ₹44.3B, up ~10% YoY , backed by solid NII and other income. Net Interest Income (NII) : ₹54.5B, up ~10% YoY . NIMs : Softened by ~10 bps to 3.64% , due to elevated repayments. Loan Book (AUM) : ₹5.82T, up 7% YoY , flat sequentially. Opex : ₹2.2B (+12% YoY),...

🌟 Canara Bank’s Q2 FY26: A Profit Powerhouse Fueled by Non-Core Income & Strong Fundamentals 🏦 1️⃣ The Big Picture: Resilient Growth Amidst Tight Margins Canara Bank’s Q2 FY26 results were a testament to resilience and smart income diversification . Despite margin compression, the bank delivered a PAT of ₹47.7 billion , surpassing expectations — driven by treasury income, PSLC gains, and recoveries from written-off loans . 🔹 PAT Beat: +6% vs estimates 🔹 Treasury Income: ₹12.2B (30bps of avg. assets) 🔹 PSLC Income: ₹9.2B (20bps) 🔹 Recoveries: ₹16.8B (40bps) 📊 Net Interest Income grew 2% QoQ , while loan book expanded 14% YoY , and deposits rose 13% YoY — reflecting robust business momentum . 💹 2️⃣ Core & Non-Core Performance: The Dual Engine of Profitability 🔸 Core Performance (Steady & Predictable) Adjusted NIM: 2.4% , down 5bps QoQ Core Fee Growth: +6% YoY Credit Cost: Moderated to 87bps Operating Cost Growth: 15% YoY (in line, but elevat...