Mahindra & Mahindra shares dropped 2% after it announced its subsidiaries will raise up to Rs 4,500 crore through rights issues. MMFSL aims to raise Rs 3,000 crore, while MLDL targets Rs 1,500 crore, with M&M fully subscribing to its rights entitlement.
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