Indian banks and non-banking financial companies (NBFCs) announced their second-quarter business update on October 4, delivering healthy credit and deposit growth during Q2 FY27. Asset quality metrics remained steady across reporting institutions, with no visible operational disruption from ongoing West Asia geopolitical tensions. Small Finance Banks (SFBs) led the business expansion, outperforming mid-sized and large lenders like HDFC Bank. Other big names like ICICI Bank, Axis Bank, Kotak Mahindra Bank and others are yet to release their Q2FY27 numbers. Here is how the key banks and NBFCs performed this quarter.