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Amid Covid crisis, why RBI had to come to aid of mutual funds: Explained

India crisis
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The Reserve Bank of India has announced a special ... moreThe Reserve Bank of India has announced a special scheme to help mutual funds.

Under the ₹50,000-crore scheme, banks can borrow funds to lend to mutual funds, or buy bonds held by them. The scheme is operational from April 27 to May 11.

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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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