However, the direction of equity gauges would determine the efficacy – and longevity – of the plan. The gauges turned negative in January after two months of purchases. However, foreign inflows into bond markets remain positive this month.
NPA provisioning for banks moderates in Q2 driven by PSBs
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector