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PMO to meet top bankers, senior officials from North Block today

The officials from the Prime Ministers' Office (PMO) will be meeting top bankers and senior officials from the North Block on Friday to discuss liquidity issues related to non-banking financial companies (NBFCs).

By Rituparna Bhuyan Nov 2, 2018 12:49:28 PM IST (Published)

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The officials from the Prime Ministers' Office (PMO) will be meeting top bankers and senior officials from the North Block on Friday to discuss liquidity issues related to non-banking financial companies (NBFCs).

The meeting will focus on looking at ways to adjust any liquidity, if it exists in the system.

The PMO is likely to ask finance ministry to pre-pone the planned capital infusion of around Rs 45,000 crore as far as public sector banks (PSBs) are concerned, sources told CNBC-TV18.

In addition, the finance ministry is also likely to ask Small Industries Development Bank of India (SIDBI) to increase credit guarantee fund for easy availability of loan for MSMEs.

Some package is likely to be announced for MSME sector in MSME Conclave that is currently going on.

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