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.
FlashNews:
IWAI Signs ₹13.5 Billion MoUs to Boost Ganga Waterway in Uttar Pradesh
MOVIN Launches Healthcare Logistics Vertical to Tap India’s $638 Billion Industry
Atlanta Electricals Secures ₹2.98 Billion Transformer Orders from GETCO
Waaree Group Wins 10 MWh BESS Order in Tamil Nadu, Expands Domestic Storage Manufacturing
Cabinet Approves ₹27.8 Billion Rail Multitracking to Boost Gujarat and Maharashtra Connectivity
BC Jindal Group Secures 150 MW RTC Power Deal with SECI
India’s Data Centre Revenue to Hit ₹200 Billion By FY2028, Driven by AI, Cloud and 5G: Crisil Ratings
Sanchar Saathi Recovers 50,000 Phones in October; Crosses 700,000 Nationwide Since Launch
Akasa Air Expands Northeast Connectivity, Adds Dibrugarh as 32nd Destination
Ministry of Power Advances India Energy Stack with Taskforce Review of Strategy and Architecture
Vaishnaw Stresses Industry-Aligned Skilling to Power India’s Digital and Electronics Growth
DGCA Issues Urgent Advisory as Ethiopian Ash Cloud Enters Indian Airspace
DFCCIL Freight Operations Surge 48% as Corridors, Terminals Expand
SMFCL Board Clears $3 Billion Borrowing Plan to Accelerate Maritime Infrastructure Financing
Air India Restores Codeshare with Air Canada to Expand India-Canada Flight Network
Indian Railways Freight Loading Surges Past 1 Billion Tonne Milestone This Fiscal
IWAI Signs MoUs to Boost Assam’s Inland Waterways and Industrial Logistics
Air India Express to Launch Services from Navi Mumbai International Airport on Day One
Tata Power, Druk Green Power Corp. Seal ₹1.31 Trillion Pact for Bhutan’s Largest PPP Hydro Project
Home » The Reserve Bank of India