Several states, including Kerala and Maharashtra, are urging the Union finance ministry to ease borrowing limits. These limits now factor in power dues, unspent central funds, and off-budget borrowings, which states argue restrict their financial plans and legitimate borrowing space.
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