ECB to raise scrutiny of banks' credit risk, funding in 2023 as recession looms https://ift.tt/Mwdyt8l 19-country currency bloc is facing the double whammy of sky-high inflation and a sharp economic downturn, largely a fallout of Russia's war in Ukraine, which has forced the ECB to tighten financing conditions even as it exacerbates economic pain.
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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