Daily Filing Digest — Sunday, 4 Oct 2026

A quiet Sunday with one important detail. HDFC Bank and Yes Bank both reported Q2 deposit growth near 19%, and both disclosed that part of it came from foreign-currency deposits raised under an RBI swap window. Without them, Yes Bank says its deposit growth was 13.2%. Also filed: Nykaa's Q2 update, a pledge by Ola Electric's promoter to fund his rights-issue subscription, and PhysicsWallah selling most of its loan book.

The one to read first

HDFC Bank reported Q2 deposits of about ₹33,275 billion (+18.8%) and gross advances of about ₹32,195 billion (+16.3%). It says it raised US$11.5 billion (₹1,103.4 billion) of FCNR(B) deposits under the RBI's swap facility, open from 8 June to 31 August, and its overseas branches lent US$5.7 billion against them. CASA deposits grew 10.8%, slower than the balance sheet.

Yes Bank reported deposits +19.5% and advances +23.8%. Normalised for the same facility, the bank's own figures are +13.2% and +17.7%. Its certificates of deposit rose to ₹11,382 crore from ₹987 crore.

The 22 earlier bank updates in our tracker don't mention the facility.

Full read (now including RBL Bank, which filed the same disclosure on Monday morning): HDFC Bank, Yes Bank, RBL: The RBI Swap Inside Q2 Deposit Growth

Consumer and new-age companies

• Nykaa Q2 update (provisional, year on year):

  • consolidated GMV growth "expected to be close to thirties";
  • net revenue growth in the "late twenties";
  • fashion NSV growth in the "late forties";
  • beauty NSV and net revenue growth in the "late twenties";
  • 14 net new stores, taking the total to 338.

  It says some festive demand has shifted from Q2 into Q3 this year.

• Ola Electric: promoter Bhavish Aggarwal has pledged 4.32% of the company, the company says "solely to fund his subscription" to the rights issue in the draft letter of offer filed on 28 September. It adds that there are no other pledges and "no shares are being sold".

• PhysicsWallah: its lending subsidiary FinZ Finance is selling a ₹95.79 crore loan portfolio to Auxilo Finserve, which it calls "substantial/major part" of its loan portfolio.

  • FinZ started lending in February 2026.
  • Lending will now go through third-party NBFCs.
  • FinZ's net worth was ₹60.30 crore, 1.18% of the group's.

Real estate

• DLF sold out The Aureva, a 172-residence luxury retirement-housing tower in Sector 63, Gurugram, for about ₹1,985 crore. That's about ₹11.5 crore per residence (our arithmetic).

Tax and courts

• RITES won a state GST appeal for FY2019-20; relief of ₹38.30 crore, and "no further tax, interest or penalty liability" on that order.
• Sun Pharma Advanced Research (SPARC): CESTAT Mumbai upheld its entitlement to a ₹27.51 crore refund of accumulated CENVAT credit, plus interest where applicable; the revenue department's appeal was dismissed.
• Anup Engineering: the appellate authority set aside a GST order demanding ₹1.33 crore of ineligible input credit, ₹0.33 crore of IGST and a ₹1.66 crore penalty; the company says there is no financial impact.

Orders, plans and insolvency

• Sical Logistics won a ₹39.23 crore SAIL contract (excluding GST) to excavate and transport iron ore at the Dalli mine, running from 5 October 2026 to 18 November 2028.
• Virtuoso Optoelectronics signed a non-binding MoU with the Government of Maharashtra for a proposed ₹1,050 crore investment over about five years.
• India Power Corporation (formerly DPSC, under insolvency): its creditors approved the request for resolution plans and evaluation matrix for prospective bidders.

Q2 bank tracker

HDFC Bank and Yes Bank take the tracker to 24 banks: Q2 Bank Scoreboard. Still to file include SBI, ICICI Bank, Kotak, Axis and IndusInd.

Educational research, not investment advice. Every item above is drawn from the company's own filing on NSE, read from the primary document; derived figures are our arithmetic and are labelled. No buy/sell recommendations, no price targets, no share prices. Moat & Margin is not a SEBI-registered Research Analyst or Investment Adviser.