News From Press RBI flags MFs' borrowing play; bank lines are in excess of Rs 1 trillion

RBI flags MFs' borrowing play; bank lines are in excess of Rs 1 trillion

Source - Business Standard Jun 30, 2018

The central bank’s periodic Financial Stability Report has highlighted issues with the way mutual funds use banks as a liquidity stop-gap and suggested that the practice requires greater supervision. Mutual fund regulations allow schemes to borrow money to meet temporary liquidity needs.

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