Strong demand for loans helps banks maintain robust credit growth in Q4 https://ift.tt/7Gtk8XY Bank Monday said its March-quarter advances climbed 17%, taking its total loan book to ₹16 lakh crore. The lender had a loan book of ₹13.66 lakh crore in the year-ago quarter. Provisional data also showed that total deposits expanded more than a fifth.
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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