StanChart funds Rs 700 crore debt for ReNew arm https://ift.tt/fHU9kZj parent company, ReNew, has provided a corporate guarantee for the full amount raised by the SPV. The corporate guarantee is unconditional, irrevocable, and legally enforceable, according to a rating report by Care Ratings.
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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