Bankers are relieved with Malhotra’s emphasis on a consultative approach with minimum disruption to the financial system. With the expected increase in provision costs and tighter regulations for project finance now on the back burner, lenders can focus on business growth over the next one year, bankers 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