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After RBI, it may be govt’s turn to reassure banks

India covid-19 pandemic Government crisis
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After Franklin Templeton shut six fixed income schemes, the Reserve Bank of India decided to open a window to provide credit to mutual funds through banks In India’s corporate bond market, it is tough to identify securities with a lower default risk.

After Franklin Templeton shut six fixed income schemes, the Reserve Bank of India (RBI) decided to open a window to provide credit to mutual funds (MFs) through banks.

Mint takes a look. Is the MF window an unprecedented step? No; RBI had provided similar windows in the aftermath of the 2008 financial crisis and in 2013, when several mutual funds came under pressure.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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