Aif Exposure News Today

Piramal Enterprises announced it would allocate funds to cover its exposure to alternate investment funds (AIFs) following the Reserve Bank of Indias (RBI) recent tightening of rules on such holdings. The RBI prohibited entities under its regulation, including banks and non-banking finance companies, from investing in AIFs with investments in borrowers in the past 12 months.

Indias Piramal Enterprises plans to set aside provisions for certain exposures to investments in alternate investment fund (AIF) units, following the Reserve Bank of Indias tightening rules. The RBI has barred all entities from investing in AIFs with borrowers in the past 12 months. As of November 30, Piramals AIF investments were valued at Rs 38.17 billion.