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RBI opens repo window with Rs 25k cr for mutual funds

RBI opens repo window with Rs 25k cr for mutual funds

The Reserve Bank of India on July 17 created a special Rs 25,000-crore borrowing facility for mutual funds (MFs) to meet their liquidity requirements. This is being done to manage the heavy redemptions that are expected due to sudden losses in debt funds following the tightening of liquidity and the hike in overnight lending rates. This is the second time the central bank has opened such a window for MFs.

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IDFs are yet to take shape in the country

IDFs are yet to take shape in the country

It would be purposeful for taking steps towards simultaneously developing IDF and bond market, says SK Goel, Chairman & Managing Director, IIFCL, Infrastructure Debt Funds (IDFs) are yet to take shape in the country as the infrastructure bond market is in its nascent stage. Till infrastructure bond market develops, IDFs may not find adequate avenues for investment and on the contrary till IDFs evolve, the infrastructure bond market may find it difficult to attract sufficient investments.

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Corp Bank plans infra debt fund

Corp Bank plans infra debt fund

Corporation Bank said it is drawing up plans to float an Infrastructure Debt Fund (IDF) and will soon approach its boa­rd for approval. The bank plans to pa­r­­tner with other interested players for floating such an infra fund. Earlier, the Reserve Bank of India (RBI) allowed banks and non-banking financial co­m­panies (NBFC) to sponsor IDF, which can be set up as mutual funds and NBFCs.