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In an effort to crack down on the misuse of AIFs to evergreen loans, the central bank had given lenders 30 days to liquidate their holdings in these funds or make provisions. The combined investments in all three AIF categories stood at Rs 3.54 lakh crore as on September 30, 2023, according to SEBI data ....
India Business News: MUMBAI: RBI’s directives, which raise risk weights on bank loans to finance companies and necessitate them to divest some of their investments in alte. ....
The announcements by PEL and IIFL Finance come as a proactive measure to align with the RBI’s newly instituted norms governing the financial sector’s involvement in AIFs. ....