Axis Bank OFS fully subscribed on day 2 https://ift.tt/gnJohFM government is expected to raise around ₹3,900 crore from selling the residual stake in Axis Bank. The offer for sale was opened on Thursday for institutional investors, while retail investors were allowed to bid on Friday.
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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