RBI opens term money market to corporates and non-banks
The Reserve Bank of India opened the term money market to non-banks and firms to boost liquidity. The move aims to deepen markets and improve pricing efficiency.
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The central bank of India announced on Wednesday a significant policy shift that will allow corporations, non-banking financial companies (NBFCs), and other financial institutions to participate in the term money market. This move is expected to enhance liquidity and refine the pricing of short-term borrowings across various tenures, though analysts suggest it may create challenges for the mutual fund industry.
