News From Press RBI could create TARP-like structure to avoid another Franklin Templeton episode: Gaurav Garg

RBI could create TARP-like structure to avoid another Franklin Templeton episode: Gaurav Garg

The selling pressure from the outbreak of COVID-19 with illiquid markets and negative sentiments on the street due to the economic slowdown left Franklin Templeton to close the scheme.

Money Control Apr 28, 2020

The RBI may have to intervene by creating some sort of TARP-like structure. The SEBI will have to stretch its limit for loans taken by debt funds to allow for such a scheme, and if the debt market is to unfreeze, it would require considerable care of the RBI and SEBI, Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor, said in an interview with Moneycontrol’s Kshitij Anand.

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