Piramal Capital close to sale of Rs 4300 crore stressed loans https://ift.tt/DN9qb6S a notice on its website, Piramal Capital and Housing Finance (PCHF) stated that any counterbid under the Swiss challenge should be at least 5% higher than the anchor bid of ₹710 crore. IndiaRF, as the anchor bidder, will have the first right to match any counteroffer that Piramal receives for the portfolio.
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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