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Amid cash squeeze, PMO calls meeting of banks

Wednesday, October 31, 2018, 7:57 AM

The PM's Office has called for a meeting of the chiefs of leading commercial banks. Meeting comes at a time when a section in the government is raising questions over the RBI's PCA framework posing lending curbs on a number of public sector banks, which, in turn, has resulted in a cascading impact on the liquidity position of Non-Banking Financial-Companies and Housing Finance Companies.

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