RBI gives banks and NBFCs a breather on AIF investments

The RBI has said that provisioning will be required only to the extent of the RE's investment in the AIF scheme that is further invested in the debtor company, rather than on the entire investment in the AIF scheme.

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Mumbai ,Maharashtra ,India ,Tejesh Chitlangi ,Kotak Mahindra Bank ,Reserve Bank ,India Wednesday ,Alternative Investment Funds ,Joint Managing Partner ,