In December 2023, the RBI had restricted banks and NBFCs from investing in AIFs, which have downstream investments in debtor companies. It said if banks or NBFCs had investments in AIFs, they were given 30 days to liquidate their holdings or make 100% provisions against them.
JAG MOHAN THAKEN Established with the noble objective of liberating the poor from the clutches of dodgy and mammonist moneylenders, who demanded high pitch interest rates from the lower strata people, the cooperative banks in India have played a pivotal role in uplifting the poorest of the poor and the socio-economically underprivileged strata. However, there
RBI tells lenders to name debtors whose assets are possessed under Sarfaesi Act thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.