INSUBCONTINENT EXCLUSIVE:
Finance Minister Nirmala Sitharaman said that the service sector has shown "a high appetite" for credit.
Finance Minister Nirmala Sitharaman said on Thursday that private sector banks and non-banking financial companies (NBFCs) are not
facing liquidity-related problems
"Sum and substance of what I heard was that there is no liquidity crisis," Nirmala Sitharaman said at a press conference after meeting
representatives of private sector banks and other financial institutions
Talks between the Finance Ministry and the banking industry on a range of issues such as liquidity and credit disbursal come within a month
of the government announcing a slew of measures to revive the economy
Here are 10 things to know:"If there was a problem of liquidity, it was in the wholesale financing, and not in the retail,"
the Finance Minister said.Ms Sitharaman said banks have been invited to participate in the credit outreach programme spanning 400 districts,
microfinance institutions and microfinance units which have come here are in deep country they said that in those areas, there is still
demand and they are extending loans
year-on-year in August, according to data from industry body SIAM
upcoming festive season would boost consumption and demand, the Finance Minister added.India's GDP or gross domestic product expanded 5
measures such as withdrawal of higher taxes on foreign investors, a mega bank consolidation plan and a reduction in corporate taxes to
TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
