Government bonds rallied as the central bank announced significant liquidity infusion measures, including ₹2 lakh crore in bond purchases and a $10 billion dollar-rupee swap. This move aims to ease tight liquidity conditions caused by forex market intervention and tax outflows, with the 10-year bond yield dropping sharply.
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