Argentina has successfully paid $4.3 billion to sovereign bondholders, meeting its January 9 deadline. This crucial payment, despite low foreign reserves, aims to boost investor confidence and reopen international capital markets. The government is keen to signal stability as more significant repayments loom, including to the IMF. Analysts are watching for a positive market reaction and potential reserve rebuilding.
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