Overseas funds injected ₹12,206 crore into Indian sovereign bonds in October, driven by a stable rupee and US Federal Reserve rate cuts. Foreign investors increased purchases on days of reported central bank currency intervention and after the Fed’s policy move, boosting local debt returns.
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