Govt’s partial guarantee to NBFC loans won’t improve liquidity: Sundaram Finance MD
  • WebDesk BTVI
  • Jul 26 2019

TT Srinivasaraghavan, MD of Sundaram Finance, says banks pulling back on lending has led to the liquidity crunch, but adds that there is no problem with solvency issue. He says the current NPA situation is comfortable, but adds that the liquidity crunch is a hindrance to growth for NBFCs. He says while the government’s partial guarantee to NBFC loans won't improve liquidity, but will build confidence. He expects demand to pick up in festive season.