[INDIAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian economic news to share with you which is as undermentioned.
A dedicated liquidity window is among the suggestions Indian non-banking finance companies (NBFC) have made to the Centre, which is talking to the industry to ensure uninterrupted funds flow to a sector that has helped expand consumption demand beyond the cities.
Officials at the finance ministry met representatives f rom mutual funds, the housing bank, home financiers and NBFCs, and sought suggestions on measures that would enhance liquidity for the sector, four people with direct knowledge of the matter told ET.
Economic affairs secretary Subhash Chandra Garg chaired the meeting. It was attended by representatives f rom HDFC, Indiabulls Housing Finance, a South-based non-banking company, the Association of Mutual Funds in India (AMFI), the National Housing Bank (NHB), and principal economic advisor Sanjeev Sanyal.
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