RBI closes special window for Mutual Funds - The Hindu var _comscore = _comscore || [];_comscore.push({ c1: "2", c2: "11398210" });(function() {var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; s.async = true;s.src = (document.location.protocol == "https:" ? "https://sb" : "http://b") + ".scorecardresearch.com/beacon.js";el.parentNode.insertBefore(s, el);})(); Follow Today's Paper Archive Subscriptions RSS Feeds Site Map ePaperMobileApps Social SEARCH
Home News Opinion Business Sport S & T Features Books In-depth Jobs Classifieds Shopping Bus tickets Industry Economy Markets Stock Quotes Business» EconomyMumbai,October 29, 2013 Updated: October 29, 2013 15:23 IST
RBI closes special window for Mutual FundsPTIShare · Comment · print · TweetTOPICS macro economics mutual funds
With the improvement in liquidity conditions, the Reserve Bank on Tuesday decided to close the special window for commercial banks to meet the cash requirements of mutual funds (MFs) with immediate effect.The RBI, in July, had opened a special borrowing window of Rs 25,000 crore to help the crisis-ridden mutual funds tide over liquidity problems.“With the normalisation of exceptional measures and taking into consideration the improvement in liquidity conditions since then, it has been decided to close this window with immediate effect,” RBI Governor Raghuram Rajan said in the second quarter monetary policy review.The RBI, on July 17, had opened a special three-day repo auction under which banks would be encouraged to raise funds totalling Rs 25,000 crore at 10.25 per cent for on lending to mutual funds.The last time RBI had opened such a facility was in 2008, after the collapse of Lehman Brothers triggered a chain reaction and caused a global financial crisis that sent fixed income markets in a tizzy.At the end of September quarter, Assets Under Management (AUM) of the mutual fund industry fell by 4.5 per cent to Rs 8.08 lakh crore from Rs 8.46 lakh crore in the previous three-month period.
Keywords: Mutual Fund transaction, RBI
RELATED NEWS RBI hikes repo rate by 0.25 percentOctober 29, 2013 More In: Economy | Business Tweet CommentsRecommendedPost a comment
Be the first one to post a comment$(document).ready(function() {comshow("pc");});
Your Name: email: Make a comment characters left
1. Comments will be moderated
2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
3. Please write complete sentences. Do not type comments in all capital letters,
or in all lower case letters, or using abbreviated text.
(example: u cannot substitute for you, d is not 'the', n is not 'and').
4. We may remove hyperlinks within comments.
5. Please use a genuine email ID and provide your name, to avoid rejection.
Most Popular Walk alone but don’t dance alone: Chidambaram to Subbarao Stubborn inflation leaves no room for RBI to cut rates Oct 31 deadline for e-filing audit reports of tax returns Cost inflation index for 2013-14 raised by 10% Make diesel prices market driven: Parikh panel Slideshow
Duvvuri Subbarao: From Great Depression to Great ExitFrom the global economical meltdown in 2008 to the rupee tumbling down to a historic low in 2013, not many Governors of the Reserve Bank of India have seen it all like Duvvuri Subbarao who demits office on Thursday. Text: PTI, Compiled by Preethi Ramamoorthy more slideshows»Most PopularMost CommentedRBI hikes repo rate by 0.25 percent RBI hints at hike in interest rate to check price rise Wholesale vegetable prices in Sept. surge by 89 pc: ASSOCHAM RBI surveyors lower GDP forecast to 4.8% Rangarajan differs with RBI on inflation projection Wholesale inflation above comfort level, says RBI RBI closes special window for Mutual Funds Adopt districts, SEBI tells MFs Retail inflation to remain above 9 per cent, cautions RBI 36.05 % duty on import of high-end TV sets RBI surveyors lower GDP forecast to 4.8%(1) RBI hints at hike in interest rate to check price rise
Today's Paper ePaperThis Day That AgeCrosswordArchiveObituaryGroup SitesThe Hindu?? ?????Business Line SportstarFrontlineThe Hindu CentreImagesClassifieds
O
P
E
N
closeRecent Article in Economy
Retail inflation to remain above 9 per cent, cautions RBIThe common man is unlikely to get relief from rising prices in the months ahead, with the RBI on Tuesday saying retail inflation will re... »
The Hindu:Home |News |Opinion |Business |Sport |S & T |Features |Books |In-depth |Jobs |Classifieds |Shopping |Bus tickets |
The Site:|About Us |Terms of Use |Privacy Policy |Contacts |Archive |Subscriptions |RSS Feeds |Site Map
Group Sites: The Hindu |?? ????? |Business Line |Sportstar |Frontline |The Hindu Centre |Publications |eBooks |Images |Classifieds | Comments to: web.thehindu@thehindu.co.in Copyright© 2013, The Hindu
View the original article here
The Hindu Governor Nikhil Kumar with the writer M.T. Vasudevan Nair and K. Jayakumar, Vice-Chancellor, Thunchath Ezhuthachan Malayalam University, at a function to give away the Sree Chithira Thirunal award in Thiruvananthapuram on Monday. Photo: S. Gopakumar M.T. Vasudevan Nair, eminent writer, has said that he learnt the English language by literally travelling with The Hindu. “The Hindu was my window on the world. When I was a young boy, I had no means to access a paper like The Hindu. Those days, The Hindu used to be delivered by post. I would wait for the postman to come. He would give me the copy of the paper. I would remove the wrapper carefully and read the paper as I walked with him. On reaching the house for which the paper was meant, I would put the wrapper back and return the paper to the postman. That was how I learnt the language and saw the world of my time,” Malayalam’s celebrated writer said after receiving the Sri Chithira Tirunal Award. Presenting the award, Governor Nikhil Kumar said he was a great fan of MT whose film Nirmalyam had left a deep impact on him. He could still recall the final scenes of the film where the temple priest (played by P.J. Antony) cut himself in all fury and spit out blood. The award, instituted by the Sree Chithira Tirunal Trust, carries a cash prize of Rs. 1 lakh and a plaque. The jury, chaired by Palode Ravi, MLA, and having as its members the former Additional Chief Secretary D. Babu Paul and the former general secretary of the BCCI S.K. Nair, selected the writer for his contribution to Malayalam literature and films and for his efforts in establishing the Thunchath Ezhuthachan Malayalam University and Thunchan Parambu. 
