The selloff has come as investors and the Federal Reserve reevaluate the need for interest rate cuts in the face of resilient economic data and signs of strength in the labor market. In an appearance on Tuesday, Fed Chair Jerome Powell was among several Fed speakers over recent days who have said they would need to see drivers of inflation weaken before cutting 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