Initially, funding under the special liquidity facility for mutual funds was only available to banks that use the RBI's liquidity adjustment facility window.
May 1, 2020The new authority can now appoint members and employees, set up funds and apply tax exemptions, but other regulatory and supervisory powers have not yet taken effect.
April 29, 2020The move follows Franklin Templeton's decision to freeze and wind up six of its mutual funds amid intense redemption and liquidity pressures, prompting contagion fears across the sector.
April 27, 2020Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.
April 26, 2020The Finance Ministry has asked for data on the volume and scale of loans, as well as particulars on what sectors are getting them.
April 24, 2020Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.
April 23, 2020India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb "opportunistic takeovers or acquisitions" of Indian companies.
April 19, 2020The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.
April 18, 2020Authorised dealers and can allow users to trade rupee derivatives up to USD 10 million notional value outstanding without the need to establish the existence of underlying exposures.
April 9, 2020The initiative has reportedly been sped up in response to recent frauds at Yes Bank and Punjab National Bank.
April 8, 2020