Deepak Shenoy, Founder of Capital Mind, emphasizes investing in sectors like defence, manufacturing, consumer durables, and financialisation for India’s growth. He advises shifting focus from expensive FMCG companies to durable goods, which show higher growth potential. Private banks and NBFCs also offer opportunities, with a positive outlook on mid to long-term investments.
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