Economy looking up; no liquidity crisis: FM Sitharaman after bankers meet

Finance Minister Nirmala Sitharaman on Thursday hoped the economy will start looking up in the second half of the current financial year as consumption rises and banks increase their lending operations.

Weeks after meeting public sector bankers, the finance minister met private sector lenders and financial institutions that, according to her, categorically stated they are not facing liquidity crisis. They also said there is enough demand for loans, she added.

"On the whole, it was a very tonic-like meeting where I heard good things, positive thing," she said, and added that "the message I got is that consumption is happening".