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Govt to take all necessary steps to ensure liquidity in NBFCs, MFs and SMEs: Jaitley

24 Sep 2018 Evaluate

Finance Minister Arun Jaitley has said that the government will take all the necessary steps to ensure that adequate liquidity is maintained/provided to non-banking financial companies (NBFCs), mutual funds (MFs) and small and medium enterprises (SMEs).

Jaitley’s statements come in the wake of Indian stock markets witnessed sudden mid-session plunge last Friday over concerns of liquidity crisis being faced by some of the NBFCs.

Following volatility in the equities market, the Reserve Bank of India (RBI) along with the Securities and Exchange Board of India (SEBI) is closely monitoring the recent developments in the financial sector and ready to take appropriate actions, if necessary, to calm the jittery investors.