St. Louis Federal Reserve President Alberto Musalem indicated a potential interest rate cut is on his mind. He stated he could support a reduction if job market risks appear and inflation stays under control. However, Musalem stressed the Federal Reserve should not follow a predetermined plan. His comments were made before a financial meeting.
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