Chidambaram Welcomes RBIs Special Liquidity Facility For Mutual Funds
Money & Banking
PTI
New Delhi |
Updated on
April 27, 2020
Published on
April 27, 2020
Former Finance Minister P Chidambaram on Monday lauded the RBI’s prompt action in announcing a ₹50,000 crore special liquidity facility for mutual funds.
The Reserve Bank of India on Monday announced a ₹50,000 crore special liquidity facility for mutual funds, days after Franklin Templeton Mutual Fund decided to close six debt schemes.
“I welcome the RBI’s announcement of a ₹50,000 crore special liquidity facility for Mutual Funds. I am glad that RBI has taken note of the concerns expressed two days ago and requesting prompt action,” the Congress leader said on Twitter.
Chidambaram had on Saturday expressed “grave concern” for investors over the matter and urged the government to act promptly to resolve the issue.
Franklin Templeton Mutual Fund voluntarily decided to wind up its six debt schemes citing redemption pressure and lack of liquidity in bond markets due to the coronavirus pandemic.
Published on
April 27, 2020
PTI
New Delhi |
Updated on
Former Finance Minister P Chidambaram on Monday lauded the RBI’s prompt action in announcing a ₹50,000 crore special liquidity facility for mutual funds.
The Reserve Bank of India on Monday announced a ₹50,000 crore special liquidity facility for mutual funds, days after Franklin Templeton Mutual Fund decided to close six debt schemes.
“I welcome the RBI’s announcement of a ₹50,000 crore special liquidity facility for Mutual Funds. I am glad that RBI has taken note of the concerns expressed two days ago and requesting prompt action,” the Congress leader said on Twitter.
Chidambaram had on Saturday expressed “grave concern” for investors over the matter and urged the government to act promptly to resolve the issue.
Franklin Templeton Mutual Fund voluntarily decided to wind up its six debt schemes citing redemption pressure and lack of liquidity in bond markets due to the coronavirus pandemic.
Published on
USAA And U.S.VETS Expand Effort To Prevent Veteran Homelessness Before It Starts
New Financial Resiliency Program Combines Housing, Coaching and Financial Services to Help 50,000 Veterans Build Lasting... Read more
USAA Bank Launches New Rewards Credit Cards, Delivering Higher Value For Everyday Spending
New survey data shows consumers increasingly rely on rewards to offset everyday expenses, from groceries to gas Read more
USAA Names Mara Motherway Senior Vice President And Head Of Government Relations
Jul 09 2026 SAN ANTONIO — July 9, 2026 — USAA today announced the appointment of Mara Moth... Read more
USAA And Wounded Warrior Project Launch $5 Million Initiative To Help Veterans Build Financial Security During The Transition To Civilian Life
Warrior Secure Start is a purpose-built program that combines financial education, personalized coaching and empowerment... Read more
USAA To Honor Those Who Made 250 Years Of Freedom Possible
Through partnerships, events and community engagements, USAA will celebrate the service members whose sacrifices helped ... Read more
USAA Introduces Smoky: A K9 Ambassador Rooted In Military Heritage And Well-being
Company launches first-ever Chief Pawsitivity Officer and announces $60,000 grant to K9s For Warriors to support veteran... Read more