Monday, April 27, 2020

RBI announces Rs 50,000 crore liquidity facility to ease pressure on mutual funds

In order to ease liquidity pressures on mutual funds, the Reserve Bank of India has announced a Special Liquidity Facility of 50,000 crore for Mutual Funds. Under this facility, the RBI will provide funds to banks at lower rates and banks can avail of funds for exclusively meeting the liquidity requirements of mutual funds.

from taxmann.com News https://ift.tt/2S9r55C
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