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Risk Aversion Across Banks Delays Relief To Indian Economy
Senior bankers tell BloombergQuint that it is unfair to expect banks to do the heavy lifting at a time like this.
29 Apr 2020, 12:22 PM IST
On Monday, the Reserve Bank of India announced a Rs 50,000 crore liquidity facility for mutual funds.The announcement came amid fears that redemption pressure will force funds to sell debt securities at large discounts. The RBI was willing to step in and offer a temporary liquidity facility which would stall such fire sales. But given that the central bank lends directly only to banks, the liquidity was offered to mutual funds via th...
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