RBI tweaks rules about investment in alternative investment funds

In December 2023, the RBI had restricted banks and NBFCs from investing in AIFs, which have downstream investments in debtor companies. It said if banks or NBFCs had investments in AIFs, they were given 30 days to liquidate their holdings or make 100% provisions against them.

Related Keywords

India ,Jyoti Prakash Gadia ,Siddarth Pai ,Siddharth Shah ,Dipen Ruparelia ,National Housing Bank ,Banking Financial Companies ,Housing Finance Companies ,Partner At Khaitan Co ,Investment Fund ,Fintech Fund ,Piramal Enterprises ,Regulatory Affairs Committee ,Piramal Enterprises Ltd ,Reserve Bank ,Banking Regulation Act ,India Act ,National Housing Bank Act ,Small Finance Banks ,Local Area Banks ,Regional Rural Banks ,State Co Operative ,Central Co Operative Banks ,All India Financial Institutions ,Non Banking Financial Companies ,Alternative Investment Fund ,Regulated Entity ,Private Equity ,Venture Capital ,Founding Partner ,Vivriti Asset ,Managing Director ,