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Piramal Ent AIF exposure: Piramal to provide for AIF exposure as RBI tightens rules

Piramal Enterprises announced it would allocate funds to cover its exposure to alternate investment funds (AIFs) following the Reserve Bank of India s (RBI) recent tightening of rules on such holdings. The RBI prohibited entities under its regulation, including banks and non-banking finance companies, from investing in AIFs with investments in borrowers in the past 12 months. ....

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