One of the people said while the CP Group is still in the fray, there are chances Reliance may be the only one to place the final bid, which will make it an exclusive offer. “With Reliance, the deal will be a cakewalk with no pressure from domestic retail lobbies and Reliance will absorb all employees,” he said.
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