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RBI extends regulatory benefits under SLF-MF scheme to all banks

India covid-19 information Department
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Earlier in the week, the Reserve Bank had announced ₹50,000-crore SLF-MF scheme to bailout the mutual funds facing redemption pressure The Reserve Bank of India on Thursday extended regulatory benefits to all banks including those deploying their own resources to extend liquidity support to the mutual funds under the Special Liquidity Facility for Mutual Funds (SLF-MF) scheme.

Earlier in the week, the Reserve Bank had announced ₹50,000-crore SLF-MF scheme to bailout the mutual funds facing redemption pressure.

The scheme was announced in the backdrop of Franklin Templeton Mutual Fund deciding to shut several schemes. "Based on requests received from banks, it has now been decided that the regulatory benefits announced under the SLF-MF

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