Before the merger, the Gujarat government had a controlling 55% stake in GSPC. GSPC, in turn, owned 37% of GSPL, which further held a 54% stake in Gujarat Gas. GSPC primarily focuses on gas trading and exploration, with gas trading contributing significantly to its operating profit. In the fiscal year 2024, GSPC’s gas trading volume reached 11 million metric standard cubic meters per day.
LCR buffers high at most banks, may dip once new rules kick in
Banks in India have built high liquidity coverage ratio buffers anticipating stricter RBI norms. Most banks exceed the 100% LCR requirement, with private banks holding
October 31, 2024