Finance Minister Arun Jaitley Friday met heads of top public sector banks to review the cash position in the system amid concerns of a liquidity crunch being faced by some sectors, sources said.
Banks said they have enough cash to take care of the liquidity crunch being faced by the non-banking finance companies, they added.
The meeting was also attended by the Department of Financial Services Secretary and Department of Economic Affairs Secretary.
Heads of six large public sector banks have assured the government of adequate liquidity in the system even as sectoral concerns prevail, the sources said. Read more