New Delhi: Finance Minister Arun Jaitley said on Monday the government was ready to take all measures needed to ensure liquidity is available to non-banking financial companies (NBFCs), mutual funds and small and medium enterprises.
Finance Minister Arun Jaitley tweeted on Monday morning that the Government will take all measures to ensure that adequate liquidity is maintained/provided to the NBFCs, the Mutual funds and the SMEs.
The Government will take all measures to ensure that adequate liquidity is maintained/provided to the NBFCs, the Mutual funds and the SMEs.
— Arun Jaitley (@arunjaitley) September 24, 2018
The tweet by the Finance Minister came after the unstable movement of the Indian stocks, forex and bond markets on Friday on the backdrop of the worries over liquidity concerns around non-banking finance companies of India which aroused after the series of defaults from IL&FS (Infrastructure Leasing & Financial Services) scared the investors.
On Sunday, RBI (Reserve Bank of India) and market regulator SEBI (Securities and Exchange Board of India), said that the developments in the financial markets are closely monitored by them and appropriate measures will be taken if needed so as to reassure the investors.