Core Insights - The article discusses the potential impact of a liquidity crunch similar to that of 2019 on money-market funds, suggesting they would be the first to be affected in such a scenario [1] Group 1 - A liquidity crunch could lead to significant disruptions in the financial markets, with money-market funds being particularly vulnerable [1] - The article highlights the interconnectedness of financial institutions and how a crisis in money-market funds could trigger broader economic issues [1] - Historical context is provided by referencing the 2019 liquidity crisis, illustrating the potential for similar events to recur [1]

Non-banking finance company-microfinance institutions with low capital buffers urgently need funding from banks and bigger, cash-rich, non-bank lenders to ensure they remain in business, people familiar with the matter told ET.VFS Capital, one of India’s oldest microfinance firms where Others that have defaulted on bank loans lately include Navachetana Microfin Services (Karnataka) and Arth Finance (Rajasthan).Live EventsLegacy StressInditrade Microfinance (Maharashtra) is also on that list, said multiple ...