The consumer price inflation rose to 7.4 percent in September led by higher food inflation which rose to 8.4 percent. At the current levels, inflation numbers have remained over the government’s targeted band of 6 percent, triggering an explanation by the MPC as to the time frame within which the inflation will come within the target band of two to six percent.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs