Uday Kotak warned against excessive protectionism, urging India to embrace competition instead of shielding domestic industries with high tariffs. While some protection is needed for emerging sectors, excessive barriers can stifle innovation, reduce productivity, and hinder India’s integration into global supply chains, ultimately limiting long-term economic growth and competitiveness.
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