Small finance banks faced profitability pressures in the second quarter due to higher credit costs and expenses. AU Small Finance Bank saw a dip in net profit, while Ujjivan and Jana reported significant drops. Lenders expressed confidence in improving credit quality from unsecured business in the coming quarter.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is