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Chidambaram lauds RBI's liquidity facility of Rs 50,000 cr for mutual funds

The Reserve Bank of India on Monday announced a Rs 50,000 crore special liquidity facility for mutual funds, days after Franklin Templeton Mutual Fund decided to close six debt schemes

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I am glad that RBI has taken note of the concerns expressed two days ago and requesting prompt action, said former FM P Chidambaram

Agencies

2 min read Last Updated : Apr 27 2020 | 1:14 PM IST

Former Finance Minister P Chidambaram on Monday lauded the RBI's prompt action in announcing a Rs 50,000 crore special liquidity facility for mutual funds.

The Reserve Bank of India on Monday announced a Rs 50,000 crore special liquidity facility for mutual funds, days after Franklin Templeton Mutual Fund decided to close six debt schemes.

ALSO READ: Finance Ministry, Sebi question mutual funds on Franklin Templeton fiasco

"I welcome the RBI's announcement of a Rs 50,000 crore special liquidity facility for Mutual Funds. I am glad that RBI has taken note of the concerns expressed two days ago

Topics : P Chidambaram Reserve Bank of India mutual fund industry