European stock markets experienced a slight uptick this week, buoyed by a notable recovery in French equities. Investors keenly scrutinized remarks from Federal Reserve Chair Kevin Warsh for insights into future monetary policies. With a downward revision in French GDP growth, concerns loom over the economy, prompting traders to adjust expectations for European Central Bank interest rate shifts. Positive earnings reports from various companies also contributed to stock value increases.
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