A new geopolitical storm is brewing as the United States takes control of Venezuela’s oil reserves. This move significantly alters global energy markets and creates new uncertainties. China and Russia are closely watching developments. While short-term oil prices may rise, the long-term outlook suggests potential price drops. Emerging markets could benefit from lower inflation and interest rates.
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