Finance Minister Nirmala Sitharaman will meet private sector banks, NBFCs and Housing finance companies, on Thursday, an official said. Axis Bank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank are expected to attend and some select HFCs and NBFCs are also likely to be there. Liquidity, rate cut, credit disbursal are also likely to be part of the discussion between the Minister and the lenders and financiers, sources said.
Previously, the government wants to ensure maximum credit disbursal during the festive season and to expedite that the flow of banks’ liquidity to the NBFCs and the customers, Sitharaman said. Also, she had announced that all scheduled banks (both public and private banks) will hold large gatherings in a total of 400 districts, where customers can come and take any type of loan they want from the banks and the NBFCs partnering with them.
Holding a review meeting with Public Sector banks, she had said banks had already entered into 14 tie-ups with NBFCs for co-originating loans with another 36 such tie-ups in the pipeline.
Read EquityPandit’s Nifty Outlook for the Week