Union Finance Minister Arun Jaitley has assured to take all possible measure to ensure adequate liquidity flow to the micro, small and medium enterprises (MSME) sector.
In a tweet early morning, Finance Minister Arun Jaitley said, “The Government will take all measures to ensure that adequate liquidity is maintained/ provided to the NBFCs, the Mutual funds, and the SMEs.”
He said the government is ready to take all measures needed.
According to him this step aims to ensure liquidity is available for non-banking financial companies (NBFCs), mutual funds and small and medium-enterprises.
His tweet came after the Indian stocks, forex and bonds markets turned volatile over liquidity concerns around India’s NBFCs, after a series of defaults from India’s Infrastructure Leasing & Financial Services spooked investors.
The Reserve Bank of India and market regulator Securities and Exchange Board of India (SEBI) sought to reassure investors saying they are closely monitoring developments in financial markets.
They mentioned that they are ready to take appropriate steps if needed.
