CareEdge

𝗪𝗵𝗲𝗻 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗶𝘃𝗲 𝗰𝗮𝘁𝗮𝘀𝘁𝗿𝗼𝗽𝗵𝗲 𝗲𝘃𝗲𝗻𝘁𝘀 𝗵𝗶𝘁, 𝘄𝗵𝗮𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗺𝗼𝗿𝗲: 𝘁𝗵𝗲 𝘀𝗶𝘇𝗲 𝗼𝗳 𝗰𝗹𝗮𝗶𝗺𝘀 𝗼𝗿 𝗮𝗻 𝗶𝗻𝘀𝘂𝗿𝗲𝗿’𝘀 𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝘁𝗼 𝗮𝗯𝘀𝗼𝗿𝗯 𝘁𝗵𝗲𝗺? Nepal’s general insurance sector is entering a critical phase as successive loss events continue to test underwriting resilience. While reinsurance and capital buffers have helped contain balance sheet stress so far, profitability has come under significant pressure. Key takeaways: • FY26 underwriting performance weakened as net claims incurred rose 23.3%. • The August 2026 floods have brought concentration risk into sharper focus, with claims largely concentrated in property and engineering portfolios. • Reinsurance quality, recoverability, counterparty diversification, and catastrophe protection are emerging as key differentiators across insurers. • Solvency buffers remain supportive, but future resilience will depend on retention practices and timely reinsurance recoveries. Read the full report: careratingsnepal.com/uploads… Ananda Prakash Jha | Santosh Pudasaini | Amrita Khadka #NepalInsurance #GeneralInsurance #InsuranceSector #CreditInsights #RiskManagement #Reinsurance #CatastropheRisk #Solvency #Underwriting #CareEdgeRatings #FinancialSector #InsuranceOutlook

𝗜𝘀 𝘁𝗵𝗲 𝗿𝗲𝗰𝗲𝗻𝘁 𝗺𝗼𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗯𝗮𝗻𝗸 𝗰𝗿𝗲𝗱𝗶𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 𝗺𝗲𝗿𝗲𝗹𝘆 𝗮 𝗽𝗼𝘀𝘁 𝗾𝘂𝗮𝗿𝘁𝗲𝗿-𝗲𝗻𝗱 𝗮𝗱𝗷𝘂𝘀𝘁𝗺𝗲𝗻𝘁, 𝗼𝗿 𝗮𝗻 𝗲𝗮𝗿𝗹𝘆 𝘀𝗶𝗴𝗻𝗮𝗹 𝗼𝗳 𝘁𝗶𝗴𝗵𝘁𝗲𝗿 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗰𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀 𝗮𝗵𝗲𝗮𝗱? CareEdge Ratings’ latest BFSI analysis points to a cooling in banking system momentum as quarter-end gains unwound. While credit and deposit growth remain robust on a year-on-year basis, liquidity dynamics and funding costs warrant close monitoring. Key takeaways: • Bank credit growth eased to 18.2% YoY from 19.4% at September-end, following a post quarter-end decline in outstanding credit. • Deposit growth moderated to 16.7% YoY, with the credit-deposit growth gap largely unchanged at 151 bps. • The loan-to-deposit ratio rose to 81.6%, marking its third consecutive increase, indicating persistent funding pressures. • The WACR climbed above the repo rate as surplus liquidity narrowed, signalling firmer money market conditions. • CD issuance declined, but wholesale funding costs could remain under pressure as liquidity conditions tighten. Read the full report: careratings.com/uploads/news… Vineet Jain | Saurabh Bhalerao | Ankush Pathrabe #CareEdgeRatings #BankingSector #CreditGrowth #Deposits #Liquidity #BFSI #IndianEconomy #BankingTrends #FinancialSector #RBI #CreditOutlook #MacroInsights

𝗗𝗶𝗱 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝗿𝗲𝗮𝗹𝗹𝘆 𝘄𝗲𝗮𝗸𝗲𝗻, 𝗼𝗿 𝗶𝘀 𝘁𝗵𝗲 𝗰𝗮𝗹𝗲𝗻𝗱𝗮𝗿 𝘁𝗲𝗹𝗹𝗶𝗻𝗴 𝗮 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝘀𝘁𝗼𝗿𝘆? India’s credit card spending declined 5.9% y-o-y to Rs 2.04 lakh crore in September 2026, marking the first annual decline since February 2021. However, the fall was largely influenced by a high base and the shift of festive sales from September last year to October this year. Key takeaways: • Card spending fell despite a 10.5% y-o-y rise in cards outstanding, indicating slower spend intensity. • Transactions surged 23.2% y-o-y, while average ticket size dropped 23.6%, reflecting increased usage for smaller-value payments. • Online spending declined 12.5% y-o-y, whereas PoS spending grew 7.2%, leading to a lower online share of total spends. • Private banks strengthened their spending share, while spending growth outside major issuers remained mixed. Read the full report: careratings.com/uploads/news… Saurabh Bhalerao | Aviral Raghuwanshi #CreditCards #ConsumerSpending #BankingSector #BFSI #RetailCredit #DigitalPayments #Fintech #ConsumerDemand #EconomicInsights #CareEdgeRatings #IndiaEconomy

Industrial growth remains on a steady footing, reflecting resilience across key economic indicators. @RajaniSinha2025 decodes the latest trends, challenges, and outlook shaping India's industrial landscape. Read full report: careratings.com/uploads/news… #IndustrialGrowth #IndianEconomy #EconomicOutlook #IIP #Manufacturing #Infrastructure #CapitalExpenditure #EconomicInsights #CareEdgeRatings #RajaniSinha #IndiaGrowth #MacroEconomy #IndustryTrends #EconomicAnalysis #InfrastructureGrowth

𝗖𝗮𝗿𝗲𝗘𝗱𝗴𝗲 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 hosted a 𝗪𝗲𝗯𝗶𝗻𝗮𝗿 on "Fields of Fuel: Architecting India's Bioenergy Transition" Watch full webinar: youtu.be/ZGmkAwNpMn0 We would like to thank our esteemed panellists for sharing their perspectives on India's evolving renewable energy landscape.; • Lt Col @Monish_Ahuja (Retd), Chairman & Managing Director, @PRESPLdesk • Mr. Biswajit Dutta, Vice President - Business Development & Corporate Affairs, @SAEL_India • Mr. Y.B. Ramakrishna, Sr. Vice President, @IndianIfge & Former Chairman Working Group on Biofuel, @PetroleumMin The session was moderated by Tanvi Shah, Senior Director, CareEdge Advisory. There was also a presentation by Nitu Singh, Associate Director, CareEdge Advisory, and Mihir Shetye, Lead Analyst, CareEdge Advisory #CareEdgeAdvisory #Bioenergy #RenewableEnergy #EnergyTransition #WasteToEnergy #BiomassEnergy #Decarbonisation #EnergySecurity #Sustainability #IndiaEnergy

𝗖𝗮𝗿𝗲𝗘𝗱𝗴𝗲 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 is hosting a 𝗪𝗲𝗯𝗶𝗻𝗮𝗿 on "Fields of Fuel: Architecting India's Bioenergy Transition" As India's power demand continues to rise, the need for reliable low-carbon energy sources has become increasingly important. Agricultural Waste-to-Energy offers a promising pathway to support energy security, reduce crop residue burning, and contribute to the country's decarbonisation goals. To explore the opportunities, challenges, and future outlook for the bioenergy sector, CareEdge Advisory invites you to an insightful webinar featuring industry leaders and experts who will share their perspectives on India's evolving renewable energy landscape. 🔗 Register now: events.zoom.us/ev/Agj_-QNyrv… 📅Date: Wednesday, October 28, 2026 🕓 Time: 4:00 PM – 5:00 PM IST Pannelists: • Lt Col @Monish_Ahuja (Retd), Chairman & Managing Director, @PRESPLdesk • Mr. Biswajit Dutta, Vice President - Business Development & Corporate Affairs, @SAEL_India • Mr. Y.B Ramakrishna , Sr. Vice President, @IndianIfge & Former Chairman Working Group on Biofuel, @PetroleumMin • Mr. Ankit Sharma, Chief Executive Officer, Bhagwati Green Energy Moderator: • Tanvi Shah, Senior Director, CareEdge Advisory Presenters: • Nitu Singh, Associate Director, CareEdge Advisory • Mihir Shetye, Lead Analyst, CareEdge Advisory Join us for an engaging discussion on the critical role bioenergy can play in India's energy transition, balancing sustainability, energy security, and long-term economic growth. #CareEdgeAdvisory #Bioenergy #EnergyTransition #RenewableEnergy #Biomass #CleanEnergy #EnergySecurity #Sustainability #GreenEnergy #Webinar #ThoughtLeadership #IndiaEnergy #Decarbonisation #WasteToEnergy #NetZeroIndia

𝗪𝗵𝗲𝗻 𝗽𝗼𝗹𝗶𝗰𝘆 𝗱𝗿𝗶𝘃𝗲𝘀 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆, 𝗵𝗼𝘄 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗶𝘀 𝘁𝗵𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗺𝗼𝗱𝗲𝗹? Nepal’s edible oil refining industry has grown into a major export-oriented sector, but its fortunes remain closely tied to tariff differentials and policy decisions across borders. A key takeaway from our latest analysis: tariff arbitrage continues to be the primary driver of export competitiveness, making the sector highly sensitive to regulatory shifts. Key insights: • Recent duty reductions by India have narrowed the tariff advantage enjoyed by Nepalese refiners, potentially moderating export growth and profitability. • Strong earnings in FY25-FY26 were supported by favourable tariff arbitrage, but margin pressures may re-emerge as the duty gap contracts. • Inventory holding risks remain significant, particularly in a volatile commodity price environment. • Debt servicing metrics, liquidity, and leverage will remain vulnerable if profitability weakens over a prolonged period. • Going forward, India's import duty regime and global edible oil price movements will be critical variables to watch. Read full report: careratingsnepal.com/uploads… Ananda Prakash Jha | Santosh Pudasaini | Monika Rawal | Jyotika Nepal #CareEdgeRatings #CareEdgeNepal #EdibleOilIndustry #NepalEconomy #TradePolicy #TariffArbitrage #CommodityMarkets #ExportOutlook #CreditInsights #RiskAssessment #EconomicResearch #SectorAnalysis

𝗜𝘀 𝗴𝗿𝗲𝗲𝗻 𝗵𝘆𝗱𝗿𝗼𝗴𝗲𝗻 𝘀𝘁𝗶𝗹𝗹 𝗮 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝘀𝘁𝗼𝗿𝘆, 𝗼𝗿 𝗶𝘀 𝗶𝘁 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗮 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 𝗶𝗺𝗽𝗲𝗿𝗮𝘁𝗶𝘃𝗲? CareEdge-ESG analyses why the answer matters for India’s industrial strategy. With the EU’s CBAM now in its definitive phase, carbon intensity is increasingly shaping market access and cost structures for steel, aluminium, fertilisers and hydrogen. For India, green hydrogen is emerging as a strategic industrial question, even as the economics remain challenging. Key takeaways from our latest analysis: Green hydrogen production costs in India remain 2–2.5x higher than grey hydrogen, making cost parity the sector’s biggest hurdle. The global market faces a significant execution challenge, with projects that are operational, under construction or near FID far below announced pipelines for 2030. For Indian steel exporters, CBAM-related carbon costs could materially influence competitiveness, strengthening the case for low-carbon production pathways. India’s combination of policy support, low-cost renewable energy and large industrial demand creates a meaningful opportunity, provided execution keeps pace with ambition. Private investment of $180–200 billion is expected through 2030, though announced commitments still exceed FID-backed investment. The real question for ESG-oriented investors and industrial strategists is where value will concentrate across the value chain. Read full report: careedgeesg.com/uploads/glob… Saikat Roy | Nikunj Dube | Lynette Monteiro #GreenHydrogen #EnergyTransition #IndustrialDecarbonisation #ESG #Sustainability #CBAM #SteelSector #RenewableEnergy #HydrogenEconomy #EnergyPolicy #IndiaInc #CareEdgeESG

What will be the biggest driver of India's bioenergy sector over the next 5 years?

𝗖𝗮𝗿𝗲𝗘𝗱𝗴𝗲 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 is hosting a 𝗪𝗲𝗯𝗶𝗻𝗮𝗿 on "Fields of Fuel: Architecting India's Bioenergy Transition" As India's power demand continues to rise, the need for reliable low-carbon energy sources has become increasingly important. Agricultural Waste-to-Energy offers a promising pathway to support energy security, reduce crop residue burning, and contribute to the country's decarbonisation goals. To explore the opportunities, challenges, and future outlook for the bioenergy sector, CareEdge Advisory invites you to an insightful webinar featuring industry leaders and experts who will share their perspectives on India's evolving renewable energy landscape. 🔗 Register now: events.zoom.us/ev/Agj_-QNyrv… 📅 Date: Wednesday, October 28, 2026 🕓 Time: 4:00 PM – 5:00 PM IST Panellists: • @Monish_Ahuja, Chairman & Managing Director, @PRESPLdesk • Biswajit Dutta, Vice President - Business Development & Corporate Affairs, @SAEL_India • Y.B. Ramakrishna, Sr. Vice President,@IndianIfge & Former Chairman Working Group on Biofuel, @PetroleumMin Moderator: • Tanvi Shah, Senior Director, CareEdge Advisory Presenters: • Nitu Singh, Associate Director, CareEdge Advisory • Mihir Shetye, Lead Analyst, CareEdge Advisory Join us for an engaging discussion on the critical role bioenergy can play in India's energy transition, balancing sustainability, energy security, and long-term economic growth. #CareEdgeAdvisory #Bioenergy #EnergyTransition #RenewableEnergy #Biomass #CleanEnergy #EnergySecurity #Sustainability #GreenEnergy #Webinar #ThoughtLeadership #IndiaEnergy #Decarbonisation #WasteToEnergy #NetZeroIndia

𝗔𝗿𝗲 𝗺𝗮𝗿𝗴𝗶𝗻𝘀 𝗳𝗶𝗻𝗮𝗹𝗹𝘆 𝘁𝘂𝗿𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗼𝗿𝗻𝗲𝗿 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗯𝗮𝗻𝗸𝘀? Q2FY27 highlights an interesting divergence beneath the headline numbers. While credit growth remained robust, the improvement in sector-wide margins was largely driven by PSBs, even as funding costs continued to weigh on larger private banks. Key insights: • SCBs’ credit growth accelerated to 20.8% y-o-y, supported by corporate, MSME and retail lending demand. • Deposit growth improved to 16.2% y-o-y, narrowing the credit-deposit growth gap and easing funding pressures. • Sector-wide NIM rose to 2.98%, with PSBs posting a stronger improvement, while PVB margins remained flat amid FCNR(B)-related funding cost pressures. • With repo-linked loans repricing faster than deposits, margins are expected to remain broadly stable with an upward bias in H2FY27. The next phase of banking performance may be determined less by credit growth and more by the ability to sustain funding efficiency. Read full report: careratings.com/uploads/news… Saurabh Bhalerao | Sudam Shingade | Aditya Acherakar | Ankush Pathrabe #BankingSector #IndianBanks #BFSI #CreditGrowth #Deposits #NetInterestMargin #BankingOutlook #CareEdgeRatings #FinancialServices #PSBs #PVBs #BankingResearch

𝗖𝗕𝗔𝗠 & 𝗜𝗻𝗱𝗶𝗮: 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗡𝗲𝘄 𝗖𝗮𝗿𝗯𝗼𝗻 𝗕𝗼𝗿𝗱𝗲𝗿 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 The EU’s Carbon Border Adjustment Mechanism (CBAM) represents a seismic shift in global trade policy. For India, one of the EU’s largest trading partners, understanding and complying with CBAM is no longer optional. Our latest article from CareEdge-ESG explores what CBAM means for Indian exporters and importers, why certification is mandatory, and how businesses must prepare to remain competitive in a carbon-conscious global market. Key Numbers at a Glance 🔹 CBAM certificate price: ~€75-80/tonne (Q1 2026 EU Commission rate; EUA trading near €80/tonne by Jun 2026) 🔹 Steel + aluminium exports to the EU: over $10 billion annually, directly under CBAM’s scope 🔹 Full CBAM enforcement (financial obligations, certificate purchase) in effect since January 2026 Read full Report: careedgeesg.com/uploads/glob… Saikat Roy | Nikunj Dube | Nidhi Pathak #CBAM #CarbonBorderAdjustmentMechanism #ESG #IndiaEUTrade #CarbonRegulations #CareEdgeESG #Sustainability #ClimateFinance

𝗙𝗶𝘀𝗰𝗮𝗹 𝗽𝗿𝗲𝘀𝘀𝘂𝗿𝗲𝘀 𝗿𝗲𝗳𝗹𝗲𝗰𝘁𝗲𝗱 𝗶𝗻 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝗿𝗶𝘀𝗸 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 France's (A+/Negative) fiscal and debt metrics remain under pressure, as fiscal slippages have kept the debt trajectory elevated. With public debt continuing to exceed medium-term targets and recent budget measures offering only a modest reduction in the fiscal deficit, investor concerns have intensified amid rising debt-servicing costs, weak growth prospects and expectations of continued debt accumulation. The widening of French sovereign spreads highlights the extent to which fiscal strain and policy uncertainty are weighing on market confidence. Although France retains important credit strengths, including strong institutions, a large and diversified economy and deep capital markets, concerns over fiscal sustainability, policy uncertainty and reform execution continue to challenge the government's ability to place debt on a durable downward trajectory. Link to report: careedgeglobal.com/uploads/g… #GlobalEconomy #SovereignRisk #FiscalChallenges #France #PublicFinances #DebtDynamics #FiscalSustainability #EconomicGrowth #PolicyUncertainty #CreditMarkets #SovereignDebt #MarketConfidence #FixedIncome #MacroEconomics #CareEdgeGlobal

𝗙𝗥𝗢𝗠 𝗘𝗦𝗚 𝗖𝗢𝗠𝗠𝗜𝗧𝗠𝗘𝗡𝗧𝗦 𝗧𝗢 𝗖𝗟𝗜𝗠𝗔𝗧𝗘 𝗜𝗡𝗩𝗘𝗦𝗧𝗠𝗘𝗡𝗧𝗦: 𝗪𝗛𝗘𝗥𝗘 𝗗𝗢𝗘𝗦 𝗧𝗛𝗘 𝗠𝗢𝗡𝗘𝗬 𝗖𝗢𝗠𝗘 𝗙𝗥𝗢𝗠? A net-zero target may start as an ESG commitment, but it ultimately succeeds or fails as a capital-allocation decision. As climate disclosures become increasingly tied to financing and risk management, the real question is no longer what companies commit to, but what projects get funded and why. #CareEdge-ESG delves deeper into this. Key takeaways: • Climate ambition must clear the test of bankability, where sustainability outcomes and financial viability intersect. • Global climate finance reached $1.46 trillion in 2022, yet annual investment needs are estimated at $7.4 trillion by 2030, highlighting the scale of the financing challenge. • Blended finance structures are emerging as a critical tool to mobilise private capital by addressing specific risk, return and liquidity constraints. • In India, BRSR Core, the RBI’s climate finance directions and a growing GSS+ debt market are strengthening the link between disclosure, financing and accountability. • Raising green capital is only half the story; proving measurable climate impact is becoming equally important. Read full Report: careedgeesg.com/uploads/glob… CareEdge Group | Saikat Roy | Nikunj Dube | Khushal Agarwal #ClimateFinance #ESG #SustainableFinance #NetZero

𝗪𝗶𝗹𝗹 𝗚𝗲𝗼𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗥𝗶𝘀𝗸𝘀 𝗞𝗲𝗲𝗽 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗘𝗹𝗲𝘃𝗮𝘁𝗲𝗱? The latest edition of the CareEdge Markets Roundup: Macro Trends and Market Outlook points to a growing convergence of risks across commodities, currencies and financial markets. Key signals to watch: • Escalating disruptions in West Asia have kept oil markets tight, with elevated spot prices indicating persistent supply constraints. • Rising food and industrial metal prices are adding to inflationary pressures beyond energy, increasing risks to the global inflation outlook. • Markets continue to price in further monetary tightening globally, while domestic liquidity conditions have become less accommodative. • RBI interventions have helped stabilise the rupee, though elevated crude prices, capital outflows and global yields remain key pressure points. • Indian equities continue to face headwinds from FPI outflows, a stronger US dollar and higher energy prices. Read full report: careratings.com/uploads/news… @RajaniSinha2025 | Sarbartho Mukherjee | Bharadwaja Adiraju #CareEdge #MarketsRoundup #MacroOutlook #Inflation #CrudeOil #RBI #MonetaryPolicy #FixedIncome #CapitalMarkets #IndianEconomy #GlobalEconomy #MarketTrends

𝗖𝗮𝗻 𝗮 𝘄𝗲𝗮𝗸 𝗺𝗼𝗻𝘀𝗼𝗼𝗻 𝘁𝗼𝗱𝗮𝘆 𝗯𝗲𝗰𝗼𝗺𝗲 𝗮 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝘀𝗲𝗰𝘁𝗼𝗿 𝗿𝗶𝘀𝗸 𝘁𝗼𝗺𝗼𝗿𝗿𝗼𝘄? India’s agriculture loan book has seen improving asset quality ratios in recent years, but the 2026 monsoon shortfall may test that trend. According to CareEdge Ratings, stress is likely to emerge with a lag, as affected crop loans gradually turn into non-performing assets. Key takeaways: • Agriculture has the highest GNPA ratio among major sectors, with a GNPA ratio of 5.11% as of June 2026. • Around 68% of bank agriculture credit is concentrated in states that received rainfall 20% or more below normal during the 2026 monsoon. • The agriculture GNPA ratio is expected to rise to 5.3%-5.6% by March 2028, with monsoon-related stress likely becoming more visible through FY28. • Including restructured loans, stressed agriculture advances could reach 6.0%-6.3% of total agriculture advances by March 2028. • Loan waivers, rabi crop outcomes, and the extent of restructuring under the natural calamity framework remain critical monitorables. Read full report: careratings.com/uploads/news… Vineet Jain | Saurabh Bhalerao | Aviral Raghuwanshi #Agriculture #BankingSector #GNPA #FarmCredit #RuralEconomy #CreditRisk #RiskManagement #Monsoon #BFSI #CareEdgeRatings #IndiaEconomy

𝗜𝘀 𝘁𝗵𝗲 𝘀𝗹𝗼𝘄𝗱𝗼𝘄𝗻 𝗶𝗻 𝗻𝗼𝗻-𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝘁𝗲𝗹𝗹𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝘀𝘁𝗼𝗿𝘆? September’s headline growth of 6.1% y-o-y appears soft, but underlying sector momentum remains considerably stronger. A closer look shows that lower crop and fire premiums masked robust traction in key retail-driven segments. Key takeaways: • Growth excluding fire and crop accelerated to 17.7%, leaving the widest gap versus reported growth in FY27 so far. • Health premiums grew 20.2%, led by 32.8% growth in retail health, which has remained above 30% throughout FY27. • Motor insurance grew 12.9%, marking the sixth consecutive month of double-digit growth, supported by stronger own-damage premium growth. • The sharp decline in crop premiums (-27.7%) reflects a high base and lower premium rates rather than weaker coverage. • Fire premium declines moderated for a second month, signalling that discounting may be beginning to ease. Read full report: careratings.com/uploads/news… Priyesh Ruparelia | Saurabh Bhalerao | Aviral Raghuwanshi #Insurance #NonLifeInsurance #HealthInsurance #MotorInsurance #BFSI #InsuranceSector #RskManagement #CareEdgeRatings #CreditRatings #IndiaEconomy #FinancialServices #SectorOutlook

📢 𝐒𝐩𝐞𝐚𝐤𝐞𝐫 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 | 𝐂𝐚𝐫𝐞𝐄𝐝𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐖𝐞𝐛𝐢𝐧𝐚𝐫 We are pleased to announce the distinguished speakers for our upcoming webinar on 'Fields of Fuel: Architecting India's Bioenergy Transition'. 📅 𝐃𝐚𝐭𝐞: Wednesday, October 28, 2026 🕓 𝐓𝐢𝐦𝐞: 4:00 PM – 5:00 PM IST 🔗 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐍𝐨𝐰: events.zoom.us/ev/Agj_-QNyrv… India's power demand is set to rise significantly, creating a need for reliable low-carbon energy solutions alongside renewable capacity expansion. Biomass-based power and agricultural waste-to-energy offer immense potential to support energy security, advance decarbonization goals, and drive sustainable growth. 𝐎𝐮𝐫 𝐄𝐬𝐭𝐞𝐞𝐦𝐞𝐝 𝐒𝐩𝐞𝐚𝐤𝐞𝐫𝐬: 🔹 Lt Col Monish Ahuja (Retd), Chairman & Managing Director, Punjab Renewable Energy Systems Private Limited (PRESPL) 🔹 Mr Biswajit Dutta, Vice President - Business Development & Corporate Affairs, SAEL Industries Ltd. 𝐌𝐨𝐝𝐞𝐫𝐚𝐭𝐨𝐫: 🔹Tanvi Shah, Senior Director, CareEdge Analytics and Advisory 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐛𝐲: 🔹 Nitu Singh, Associate Director, CareEdge Analytics and Advisory 𝐉𝐨𝐢𝐧 𝐮𝐬 𝐚𝐬 𝐰𝐞 𝐝𝐢𝐬𝐜𝐮𝐬𝐬: ▶️ India's evolving power demand and green energy transition ▶️ Biomass-based power potential and growth opportunities ▶️ Biomass availability across states and supply dynamics ▶️ Key drivers and challenges shaping the bioenergy sector ▶️ Government initiatives supporting bioenergy development ▶️ The role of bioenergy in India's decarbonisation and energy security goals Join industry leaders and experts for an insightful discussion on the opportunities, challenges, and future roadmap for India's bioenergy ecosystem. 🌱⚡ #CareEdgeAdvisory #Webinar #Bioenergy #RenewableEnergy #EnergyTransition #BiomassEnergy #Sustainability #Decarbonisation #CleanEnergy #IndiaEnergy #WasteToEnergy #EnergySecurity #CareEdgeInsights #ThoughtLeadership #PowerSector