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The company further said that its consolidated AUM grew by 21% YoY and 5% QoQ to approximately Rs 18,550 crores as of 30th September 2022, despite a sharp reduction in the discontinued loan book. Discontinued on-book stood at approximately Rs 1,300 crore as of 30th SeptemberThe AUM for its subsidiary, Poonawalla Housing Finance Limited (PHFL), stood at approximately Rs 5,600 crores as of 30th September..

"Large private banks stocks will come out as a winner because they are investing a lot in digitisation. It is not just about investing in digitisation alone but also in ecosystems. So, they have been at the forefront of ensuring that the banking ecosystem is in place."

.Silver, however, slipped by Rs 80 to Rs 61,605 per kg from Rs 61,685 per kg.The rupee depreciated 4 paise to 81.66 against the US dollar in early trade on Thursday amid a high volatility as rising crude oil prices weighed on the local unit.

The benchmark Indian 10-year government bond yield ended at 7.4538%, after closing at 7.3621% on Tuesday, recording its biggest jump since Aug. 5. The market was closed on Wednesday."There was exaggerated in bonds today after the index inclusion news," said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank

“The UK and continental Europe are strategic markets for us. We have very ambitious growth plans for the region. The acquisition of 60K and opening our London headquarters are the first steps to achieving them," said Rajesh Subramaniam, Global CEO of ResultsCX.

The market analyst in interview with ET Now said that for a corporation with a slightly dodgy credit rating, it is almost impossible to get funding. Similarly, a borrower with a low credit score finds it difficult to get funding from the banks, he added."You know I am not really worried that we are building up into an asset quality bubble, I think we are going to see very strong asset quality trends for at least another four to six quarters."

The Adani Group completed the acquisition of Ambuja Cements and its subsidiary ACC from Switzerland’s Holcim Group for $6.4 billion in the last month.The CLSA said the cement sector is likely to be at a multi-quarter low in 2QFY23, on lower prices and higher costs. “We expect margins to recover in 3QFY23 on lower fuel prices and benefits of operating leverage,” it said.

"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing. However, the maker of toothpaste and packaged juices expects easing commodity prices to help improve margins in the second half of the year.

The Nifty Bank index closed 0.44 per cent up at 39282.85.

"The dollar is in its extended cycle of strength and is unlikely to last for a very long time."