Sebi wants to allow pledging for legitimate purposes, particularly in cases such as infrastructure, , Alternative Investment Fund (AIF), reserve bank of india, Non-Banking Financial Companies (NBFCs), banks
The stringent guidelines outlined in a circular on 19 December aim to curb lenders use of AIFs to transfer funds, assisting nearly delinquent borrowers and concealing stress on loan books, , reserve bank of india, Alternative Investment Fund (AIF), Non-Banking Financial Companies (NBFCs), scheduled commercial banks (SCBs)
The industry may seek extension, grandfathering, and exemption for market regulator s directive to dematerialise units of funds with a corpus of Rs 500 crore or more by 31 October, , demat account, Alternative Investment Fund (AIF), sebi, dematerialise