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HomeNewsOpinionBeware the bond vigilantes! They are making a comeback

Beware the bond vigilantes! They are making a comeback

Mahima Yadav   •

Traditional economic training fails to teach us this - a government’s budget is not like a household’s budget. Especially when this government has monetary sovereignty, a free-floating exchange rate and is largely borrowing in its own currency 

Jammu & Kashmir Bank: The lender has recorded net profit at Rs 381 crore for the quarter ended September FY24, growing 56.5 percent over a year-ago period driven by higher other income, pre-provision operating profit, and provisions write-back. Net interest income grew by 11 percent year over year to Rs 1,333.8 crore for the quarter. Asset quality improved on a sequential basis, with the gross NPA declining 51 basis points to 5.26 percent and the net NPA falling 35 basis points to 1.04 percent for the quarter.

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