Fitch’s top sovereign analyst warned that a significant erosion of the Federal Reserve’s independence would negatively impact the US credit rating. The primary concern is any indication that the dollar’s global reserve currency status could diminish, following an investigation into Fed Chair Jerome Powell.
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