Home / Markets / News / RBI rolls out Rs 50k crore liquidity window for MFs; bank stocks gain

RBI rolls out Rs 50k crore liquidity window for MFs; bank stocks gain

Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate.

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The RBI's annoucment follows Franklin Templeton MF’s move to wind up six of its debt schemes amid liquidity crunch |Photo: Kamlesh Pednekar

SI Reporter New Delhi

3 min read Last Updated : Apr 27 2020 | 10:50 AM IST

Financial stocks including Axis Bank, ICICI Bank and IndusInd Bank surged up to 6 per cent on the BSE on Monday after the Reserve Bank of India announced a Special Liquidity Facility (SLF) for Mutual Funds worth Rs 50,000 crore.

"Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate. The SLF-MF is on-tap and open-ended, and banks can submit their bids to avail funding on any day from Monday to Friday," the RBI said in a statement.

Funds availed under the SLF-MF shall be used by banks exclusively for meeting the

Topics : Markets Reserve Bank of India RBI Franklin Templeton

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