Indian Bank Q2 results: Net profit soars 62% on retail growth https://ift.tt/zVwrf6d advances increased 12% to ₹4.92 lakh crore in September mainly due to a 14% increase in retail loans and a 16% growth in agriculture advances. Retail, agriculture and MSME make up 62% of the bank's loan book. Home loans grew by 13%, auto loans by 36% and personal loans grow 49%.
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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