RBL stock tanks over 22% as Street weighs new CEO's 'compatibility' https://ifttt.com/images/no_image_card.png"Although RBL Bank has addressed the investors' concern over asset quality trend and stability of liability franchise to a great extent over the last two quarters, the appointment of a PSU career banker as MD & CEO looks disappointing prima facie," said Asutosh Mishra, head of research, Ashika Institutional Equity, while suspending coverage on the bank until further clarity.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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