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There’s No Liquidity Crisis: Finance Minister Nirmala Sitharaman After Meeting Bank Chiefs

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Finance Minister Nirmala Sitharaman said on Thursday that lenders have enough liquidity and retail credit growth is likely to pick up in the festival season starting October. “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 including liquidity and credit disbursal come within a month of the government announcing a slew of measures to revive the economy.