New Delhi, Sep 26 (IANS) Describing her meeting with the bankers as a “tonic”, Finance Minister Nirmala Sitharaman said on Thursday that there is no liquidity related problems being faced by the private sector lenders and the non-banking financial companies (NBFCs).
Addressing the media after meeting the bankers, NBFCs and mutual funds, Sitharaman said that no banks or other financial institutions felt that there is a problem of liquidity in the system.
She said that banks have been invited to participate in the credit outreach programme spanning 400 districts.
The Finance Minister further said that the service sector has shown high appetite for credit. On the ongoing subdued demand in the automobile sector, Sitharaman said that low commercial vehicle demand is a cyclical problem.
She said that all financial institutions are largely optimistic and hope that the upcoming festive season would boost consumption and demand. Sitharaman also said the affordable housing scheme has taken off well.
–IANS
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Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
