Liquidity surges to Rs 4 lakh cr, due to redemption, sluggish credit

The reluctance of local banks to lend has led to flow of foreign funds into the market, with global investors chasing yield in a negative rate environment in developed markets. This has also aided non-banking finance companies develop a new avenue to raise money when the local market shut its doors on them.

from Markets-Economic Times https://ift.tt/2trAaNW