NSDL has received SEBI’s in-principle approval for a stock exchange listing by August 14, following delays due to valuation negotiations. The IPO, initially planned for July, is now expected to launch by late July or early August, targeting a ₹16,000 crore valuation. The issue size has been reduced to 50.
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