RBI Modifies Norms for Investment in AIFs
On 27th March, 2024, the Reserve Bank of India (RBI) modified the norms for investment of banks, non-banking financial companies and other lenders in Alternative Investment Funds (AIF).
- This move comes after the RBI’s directive in December, 2023, which prohibited banks, NBFCs, and other lenders from investing in any AIF scheme that had downstream investments in a debtor company. (Downstream investments refer to the actual investment made by an AIF in a company using the funds raised from AIF investors.)
What are the Modified Norms?
- With a view to ensuring uniformity in implementation among the REs (regulated entities), it is advised ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Paste Fill Technology for Coal Mining
- 2 SEBI's Proposed Ease of Doing Business Measures for REITs and INVITs
- 3 Common Contract Note
- 4 Standing Deposit Facility
- 5 Green Municipal Bonds
- 6 Annual Survey of Services Sector Enterprises
- 7 Vizhinjam Seaport: India's First Deep-Water Container Transshipment Port
- 8 Multi Modal Logistics Park
- 9 Guidelines for Setting up Bio-Input Resource Centres
- 10 M-CADWM Scheme Approved