Finance Minister Nirmala Sitharaman urged financial institutions to maintain strong balance sheets to fund infrastructure, industry, and MSMEs, while partnering with NBFCs to reach underserved sectors. She highlighted the increasing demand for credit and innovative financial products as India’s economy grows.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.