No liquidity crisis, demand to pick up: FM

Finance Minister Nirmala Sitharaman on Thursday met private sector banks, NBFCs and micro-finance institutions and small finance banks where she said liquidity is no longer an issue while expressing the hope that demand is ready to be kicked off from the festival season onwards and that meeting private bankers was like a tonic for her.

After a two-hour meeting with private sector banks, non-banking finance companies, and housing finance companies, Sitharaman said that none of the lenders complained about liquidity issues.

Addressing the media after the meeting, Sitharaman evinced hope that demand would return in most of the sectors.

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