The Reserve Bank of India s (RBI) monetary policy committee (MPC) will likely keep the key lending rate or the repo rate unchanged at 4 per cent for a sixth straight meeting when it announces its decision after a three-day meeting on Friday.
RBI likely to keep key rates steady, liquidity steps eyed
RBI likely to keep key rates steady, liquidity steps eyed
The Reserve Bank of India s Monetary Policy Committee is likely to keep key interest rates unchanged when it announces its decision after a three-day meeting. The central bank is also expected to reiterate its commitment on liquidity.
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UPDATED: June 2, 2021 16:47 IST
RBI is expected to keep epo rate unchanged at 4% for a sixth straight meeting. (Photo: Reuters)
India s central bank will likely keep interest rates at record lows this week as it assesses the economic fallout of the country s evolving COVID-19 crisis, but the monetary authority is expected to reiterate its commitment on liquidity.
The euphoria caused by excessive liquidity can be scary
Sandeep Bagla, CEO of Trust AMC
The Trust group is the largest debt syndicators in the non-banking sector in India. However, Trust AMC is listed as the fifth largest if it includes bank-based AMCs.
It has the highest NFO collection of all time in the âBanking and PSU Debt Fundâ category at Rs 580 crore. âWe are the only non-bank in the top five. We are the only non-bankers in the big boysâ club,â stated Sandeep Bagla, CEO of Trust AMC. âIn the last three-four years, I have only seen ICICI, HDFC, AXIS, and SBI in that list.â The company is the largest underwriter/ syndicator and, for the last 10 years, it is among the top five in corporate bonds, as per reports.
Trust Mutual Fund launches liquid fund
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Last Updated: Apr 06, 2021, 05:00 PM IST
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Synopsis
The NFO will be open for subscription from April, 8 to April, 22. The fund will be managed by Anand Nevatia.
Trust Asset Management Company has announced the launch of its New Fund Offer – Trust MF Liquid Fund. It is an open-ended liquid fund predominantly investing in debt & money market instruments. The NFO will be open for subscription from April, 8 to April, 22. The fund will be managed by Anand Nevatia. This is the second launch from Trust Mutual Fund after its maiden NFO of Trust MF Banking & PSU Debt Fund in January 2021.