Billionbrains Garage Ventures, parent of Groww, saw its shares climb after a recent slide. Despite volatility, analysts remain optimistic about Groww’s long-term prospects due to its dominant digital platform and low customer acquisition costs, reflected in strong financial metrics. However, concerns over elevated valuations and potential SEBI regulatory tightening in the F&O segment linger.
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