SBFC Finance public issue subscribed over 70 times https://ift.tt/8tloV0P qualified institutional buyer portion was subscribed 193 times, while the non-institutional investor's portion was subscribed 49.09 times. Retail portion was subscribed 10.98 times.
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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