INSUBCONTINENT EXCLUSIVE:
Government is infusing funds in housing finance companies to boost lending in the sector.Government is infusing an additional Rs 10,000
crore in housing finance companies to boost lending in the sector, a government statement said on Friday, at a time when the shadow banking
industry is under stress due to lack of liquidity."To further ease flow of funds in the housing sector, the National Housing Bank is making
available from today, a liquidity infusion facility of Rs 10,000 crore for housing finance companies as additional liquidity," the
government said.Finance Minister Nirmala Sitharaman is also scheduled to meet bankers on August 5 to review credit growth in various
sectors, the statement said.The government is trying to take steps to revive economic growth of Asia's third-largest economy that has
slumped to a five-year low.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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