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Will take steps if there is liquidity shortage: RBI Governor

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RBI Governor Shaktikanta Das on Monday said the central bank will take steps if there is a liquidity shortage in the economy, though currently liquidity needs are largely met.

He said the RBI is constantly monitoring liquidity issue and infusion of liquidity in the market will be need-based.

Briefing media in New Delhi, Mr Das said he met associations of small and medium enterprises in the national capital this morning to gauge the current state of MSMEs, and implementation of loan restructuring scheme.

The RBI Governor said he will meet non-banking financial companies tomorrow to get a perspective on liquidity needs.

He said banks have been asked to look at the viability of individual proposals for loan restructuring of MSMEs.