CreditAccess Grameen Q2 Results: Net profit surges 98% YoY to Rs 347 crore https://ifttt.com/images/no_image_card.png“We continue to witness robust business growth led by healthy new customer additions as we onboarded 3.36 lakh new customers in the second quarter," managing director Udaya Kumar Hebbar said. The NBFC-MFI's gross loan portfolio grew 36% year-on-year to Rs 22,488 crore while the customer base expanded 21% to 46.03 lakh at the end of September.
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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