Business, Economy & Banking Current Affairs - 2019
Business, Economy and Banking in Current Affairs 2019 with latest news and current affairs in Agriculture, Industry, Banking, Capital Markets, Import and Export and Government schemes in commercial sector.
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A special borrowing window of Rs 25,000 crore was opened by the RBI to help mutual funds industry over liquidity problems. The crisis occurred due to different merger schemes in the industry and profit booking. This facility will be made available for a brief period only.
A special 3-day REPO auction was decided to be conducted by RBI under which banks can raise funds upto to Rs 25,000 crore at 10.25 per cent for on lending to the mutual funds. In 2012-13 the mutual fund industry lost more than 36 lakh investors. During the last 3 financial years, the mutual fund industry had lost over 15 lakh new investor accounts. In April-June 2013-14 as per the latest SEBI data, Mutual Funds lost 10 lakh investors in terms of individual accounts or folios.
As per World Federation of Exchanges (WFE) the National Stock Exchange (NSE) has again embarked its position as the world’s largest bourse in terms of volumes in equity trades.
Even after a fall of 9.7% in its equity trades last month NSE registered a total of 112 million trades and thus now making it the world’s top exchange on this parameter among the 50 bourses listed with WFE. NSE was also ranked first in terms of equity trades for the first half of 2013 with a total of 711.8 mn trades.
BSE, stood at the 8th place with 24.4 mn trades on its platform. Although the total number of listed companies is much larger in case of the BSE, the exchange lags behind NSE significantly in terms of volume and value of trades.