Sterling & Wilson misses payments to lenders https://ift.tt/C1OTvLX present, the account is classified as a special mention account-0 (SMA-0), which effectively indicates that payment is overdue for less than 30 days. This status can be reversed if the payments are made by the company.
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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