Releasing 70,000 Crore Of Additional Funds For Banks, Says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman made a series of announcements today as she attempted to allay concerns over the state of the economy. Among the announcements was the release of additional funds to support lending and ensure liquidity of public sector banks. "We are releasing Rs. 70,000crores upfront as additional lending and liquidity. Banks decided to pass on rate cuts through MCLR reduction," she said.

NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile.

Subscribe for more videos:
Like us on Facebook:
Follow us on Twitter:
Download the NDTV Apps:
Watch more videos:

Nirmala Sitharaman,Finance Minister,Finance Minister on Economy,Economy,Indian Economy,India's growth rate,Additional Funds For Banks,ndtv 24x7,economic stimulus,bailout,