Silver’s rally to record highs could reverse if Budget cuts import duties, HDFC Securities warned. While global supply deficits and demand stay supportive, lower duties may pressure domestic prices short term, despite a bullish long-term outlook for precious metals globally.
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