SME Times News Bureau | 07 Jan, 2019
will ensure adequate liquidity measures whenever needed, but with caution, said
new Governor of the central bank Shaktikanta Das.
should not become "loose money" and the apex bank would excercise the
measures with caution while assuring adequate liquidity measures whenever the
need arises, Das said on Monday.
The Reserve Bank of India has "a sense" of the current liquidity
situaiton and after his appointment as its Governor has announced additional
infusion of liquidity via open market operations (OMOs) of Rs 60,000 crore, Das
said after meeting the representatives of Micro, Small and Medium Enterprises
"While dealing with the issue of liquidity, I would also like to say that
it is something which the RBI is constantlyy monitoring and will take steps
whenever there is a need to deal with the liquidity deficit, if it is noticed.
"... At the same time I must also add the RBI would not like a situation
where liquidity becomes a kind of a loose money. Any infusion of liqidity will
have to be very carefully considered and has to be need-based. So, the caution
and care has to be excercised by the RBI, that excess liquidity which sometimes
has adverse consequences that is not created," he added.
Das further said that he will meet the representatives of Non-banking Financial
Companies (NBFCs) on Tuesday in Mumbai.