Special Liquidity Facility for Mutual Funds (SLF-MF) Of 50k Crores

•RBI is to conduct repo operations of 90 days at the fixed repo rate.
•The SLF-MF is on-tap and open-ended. Banks would submit their bids to avail funding
•The scheme is available from 27 April till May 11 or up to utilization of the allocated amount.
•Funds to be used exclusively for meeting the liquidity requirements of
(1) extending loans,
(2) undertaking outright purchase of and/or repos against the collateral of investment grade corporate bonds, commercial papers (CPs), debentures and certificates of Deposit (CDs) etc.