19-12-2023 04:50 PM | Source: Reuters
India cenbank tightens rules for lenders investing in alternative investment funds
India's central bank on Tuesday asked entities regulated by it, including banks and non bank finance companies (NBFCs), to stay away from investing in alternate investment funds which have investments in existing and recent borrowers.
The Reserve Bank of India also said that lenders would need to liquidate their investment in AIFs within 30 days should the fund invest in an existing borrower.
If the regulated entity is unable to liquidate investments within 30 days, they shall be required to make 100% provisions on these investments, the RBI said
Latest News
Market Wrap Up by Amol Athawale, VP-Technical Rese...
Bank of Baroda Q4 net profit rises to 4,886 crore
Market Macros by Shrikant Chouhan, Head Equity Resea...
Market Weekly Round Up by Shrikant Chouhan, Head Equ...
Veteran actors Ashutosh Rana, Vijay Raaz join ANI fo...
Sensex up by 260 points, energy and metal lead rally
Imagicaaworld Entertainment surges on launching 6 Ne...
FIIs stood as net sellers in equities as per May 10 ...
India`s Cipla open to partnering with Eli Lilly to m...
Post Market Comment by Mr Shrey Jain, Founder and CE...