Equity mutual funds saw a strong October, with nearly 9% returns driven by sectoral and thematic funds. Benchmark indices Nifty50 and BSE Sensex also rallied significantly. This performance follows a muted September, with positive earnings season and supportive macro factors bolstering market sentiment.
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