Spandana Shpoorty Financial Q2 Results: Net profit zooms 127% to Rs 125 crore on business expansion https://ift.tt/m7GANwZ net interest margin for the quarter was at 14.1%, improved 113 basis points over the year-ago quarter. Its income for the September quarter grew 106% year-on-year at Rs 640 crore.
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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