Editor's take: The week that was — April 15-20
Here are the most significant private equity, venture capital and startup developments from the week that went by.
Source: dealstreetasia.com
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RBI relaxes alternate fund norms for lenders
India Business News: RBI relaxes AIF norms by requiring provisions only for debtor company investments. Dec 2023 rules aimed to prevent 'evergreening'. Fund of funds remai
Source: indiatimes.com
RBI Relaxes Alternate Fund Norms: Evergreening: Rbi Eases Aif Investment Curbs For Lenders | Mumbai News
Mumbai: RBI has relaxed its earlier norms on alternate investment funds, which required lenders to make full provisions for their investments in AIFs .
Source: indiatimes.com
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.
Source: businesstoday.in
OpenAI's Sora—a creator's dream, a marketer's nightmare
While gaming entrepreneurs and filmmakers see the text-to-video GenAI model as a powerful tool to aid creators, they are also wary about the regulatory implications of using such technology for commercial purposes
Source: livemint.com