New Delhi: Liquidity constraints witnessed in the economy are likely to continue for the remaining part of the financial year, industry chamber Ficci said citing a survey, here on Sunday.
Factors behind the liquidity constraints include some public sector banks (PSBs) being under the Reserve Bank of India’s prompt corrective action (PCA) framework due to high accumulated bad loans, stress among the non-banking finance companies (NBFC), expansion of currency in circulation in the October-December quarter, which was fuelled by the wedding season and festivals, forex interventions due to higher crude oil prices and foreign portfolio investment (FPI) outflows. (IANS)
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