Despite rate cuts by the Reserve Bank of India, Indian government bond yields show stability. The corporate bond market sees substantial growth but limited depth. Corporate bond issuances surge due to lower rates and strong corporate intent. The U.S. debt situation influences global bond markets. Reforms are essential to deepen India’s corporate bond market further.
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