27-03-2024 06:03 PM | Source: Reuters
India central bank issues advisory on banks` investments in alternative investment funds
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India's central bank on Wednesday issued an advisory for banks relating to their investments in alternative investment funds (AIFs).
Banks need to only set aside provisions to the extent of their investment in the AIF scheme which is further invested by the AIF in the debtor company, and not on the lender's entire investment in the AIF scheme, the central bank said in a release.
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