FII equity selling in India continued in December, but at a slower pace. While they net sold Rs 656 crore through exchanges, FIIs invested Rs 17,331 crore in the primary market. This highlights their focus on long-term opportunities despite short-term concerns. FIIs have also heavily invested in the Indian debt market.
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