 "SBI, Rajnish Kumar")
Allaying fears over liquidity crisis for finance companies, the country’s largest lender, State Bank of India, said there is no concern over liquidity due to their cash position and availability of committed lines, adding that the bank is taking due care on quality of its exposures to finance firms.
Not to be caught off guard, lenders are having a relook at exposure and any risk from finance firms after default by Infrastructure Lending & Financial Services (IL&FS) and its lending arm. The volatility in market for shares and bonds issued by non-banking finance companies (NBFCs) has set in caution amongst
