RBI Modifies Norms for Investment in AIFs
On 27th March, 2024, the Reserve Bank of India (RBI) modified the norms for investment of banks, non-banking financial companies and other lenders in Alternative Investment Funds (AIF).
- This move comes after the RBI’s directive in December, 2023, which prohibited banks, NBFCs, and other lenders from investing in any AIF scheme that had downstream investments in a debtor company. (Downstream investments refer to the actual investment made by an AIF in a company using the funds raised from AIF investors.)
What are the Modified Norms?
- With a view to ensuring uniformity in implementation among the REs (regulated entities), it is advised ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Scheme for Strengthening Medical Device Industry
- 2 Regulatory Framework for Restricted Return InvITs
- 3 World’s First Co2 to Methanol Plant
- 4 Peak Oil
- 5 India’s Renewable Energy Sector Achieves Significant Growth
- 6 4th Phase of Consolidation of RRBs
- 7 RBI’s Framework for Reclassification of FPI to FDI
- 8 RBI’s 2024 List of Domestic Systemically Important Banks
- 9 Windfall Gain Tax
- 10 National Mission on Natural Farming
- 1 Golden Jubilee of Krishi Vigyan Kendras
- 2 National Cooperative Database
- 3 SCORES 2.0
- 4 RBI Guidelines on Penal Charges on Loan Accounts
- 5 T+0 Trading Settlement Cycle
- 6 Revenue-based Financing for Startups
- 7 Digital India Trust Agency (DIGITA)
- 8 SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2024
- 9 SEBI’s Regulatory Framework for Index Providers
- 10 Government Expands RoDTEP Scheme
- 11 India’s First Small-Scale Liquefied Natural Gas Unit
