India Business News: India's central bank has imposed new rules barring lenders from investing in alternative investment funds (AIFs) that hold stakes in their borrowers.
Merchant Bank BDT & MSD Raises $3 2 Billion for Latest Real Estate Credit Fund bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Reserve Bank said, in exercise of powers conferred on it under Section 45-IA (6) of the RBI Act, 1934, it has cancelled the certificate of registration of the two NBFCs.
The reopening of schools and falling investor interest have dampened spirits in edtech sector, even as some non-banking financial companies (NBFCs) avoid the segment due to perceptions of higher risk