Citi to cut as many as 50 bankers in EMEA: Sources https://ift.tt/ntYcajC declined to comment on the figure, which provides the strongest indication yet of how deep proposed cuts will run as dealmaking slumps, hit by the Ukraine war, higher interest rates and soaring inflation. Citi employs around 6,000 people across banking, capital markets and advisory activities globally.
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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