Non-banking financial companies (NBFCs) like Tata Capital, JM Financial Credit Solutions, Aditya Birla Capital, and Hero Fincorp have collectively invested around ₹1,300 crore in Vodafone Idea’s recent bond sale. This demonstrates a growing appetite among NBFCs and mutual funds for higher yields, even as banks face exposure limits. The funds will support Vodafone Idea’s capital expenditure and business growth plans.
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