The high-powered committee formed to monitor the domestic liquidity situation under the chairmanship of the finance secretary, Arun Ramanathan, met for the first time in New Delhi on Monday. But, as no final decision could be reached on liquidity issue and the committee has decided to meet again on Wednesday which would be followed by a couple of other such meetings, said the members of the committee.
The committee discussed various aspects of liquidity in the system affecting the banking and the non-banking finance companies (NBFC). The committee also discussed who are the actual victims of the menace.
