Economist Montek Singh Ahluwalia advocates for splitting large states like Uttar Pradesh to spur urban growth and creating ‘near-Metros’ from tier-2 towns. He points out challenges in achieving 8% annual growth and the complexities of initiating reforms in a fragmented global scenario.
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