Finance Minister Nirmala Sitharaman today met private sector banks, NBFCs and Housing finance companies on Thursday, official sources said. Issues like liquidity, rate cut, credit disbursal were to be on the agenda between the Finance Minister and the lenders and financiers, sources said. Most banks to follow external benchmark based lending from 1 October, says Uday Kotak after FM's meeting with private bankers. Not one voice said there was a concern, shortfall of demand. Therefore, we have all decided to join the outreach program and step up their efforts in various districts.

Source: Mint September 26, 2019 14:30 UTC