India Weighs New Credit Line for Funds Hit by Cash Crunch.

(Bloomberg) -- India's central bank is weighing opening a new credit facility for banks aimed at boosting their lending to mutual funds, which have been hit by a flood of redemptions, according to people with knowledge of the matter. The RBI, finance ministry and the Securities and Exchange Board of India, the nation's markets regulator, did not immediately respond to emails and phone calls seeking comment. [Extracted from the article]