Advertisement

Home / Business / Sanjeev Sanyal concern for financial sector

Sanjeev Sanyal concern for financial sector

He said there was an immediate need to inject liquidity into the system
Sanjeev Sanyal

A Staff Reporter   |   Calcutta   |   Published 05.05.20, 10:23 PM

The Covid-19 pandemic has clogged the financial sector despite the RBI taking multiple steps to ease the credit flow, according to Sanjeev Sanyal, principal economic adviser to the government of India.

Addressing members of the Bharat Chamber of Commerce on Tuesday, Sanyal said there was an immediate need to inject liquidity into the system.

Advertisement

RBI auction

The government of India has announced the sale of three dated securities for Rs 19,000 crore, the auction for which will be held on May 8.

In a statement on Monday, the RBI announced the auctions for these securities that include the sale of government securities maturing on 2022 with a coupon of 5.09 per cent. 



Advertisement
Advertisement
Mobile Article Page Banner
Advertisement
 
 
 
Copyright © 2020 The Telegraph. All rights reserved.