According to the RBI advisory, banks, non-banking financial companies (NBFCs), and other financial institutions like NABARD & SIDBI will not be able to make investments in any scheme of AIFs that has downstream investments directly or indirectly in a debtor company of the bank/NBFC.This implies that if the bank or NBFC currently has exposure or had previously lent at any time during the preceding __________ months to a company, they cannot invest in an AIF scheme investing in the same company.
In the middle of concerns about the circumvention of regulations by alternative investment funds (AIFs), the Reserve Bank of India (RBI) issued an advisory to banks and financial companies to curb the evergreening of loans and misuse of the AIF route.According to the RBI advisory, banks, non-banking financial companies (NBFCs), and other financial institutions like the National Bank for Agriculture and Rural Development and the Small Industries Development Bank of India (Sidbi) will not be able to make investments in any scheme of AIFs that has downstream investments directly or indirectly in a debtor company of the bank/NBFC. This implies that if the bank or NBFC currently has exposure or had previously lent at any time during the preceding 12 months to a company, they cannot invest in an AIF scheme investing in the same company.
In order to advocate for widow remarriage in 1852, the weekly letter 'Satya Prakash' was published in Gujarati language by whom?
Lord Wellesley founded the "Fort William" college in ____________.
Which of the following is instruments that enable banks to achieve their priority sector lending targets without actually disbursing loans to sectors ou...
Which of the following algae is also called kelp and found in the deep sea?
Which institution was established in 2015, in the place of Planning commission of India?
Which of the following rivers originates from Aravalli range and disappears into Rann of Kachchh?
Which organization announced the reduction of the Initial Public Offer listing timeline from T+6 days to T+3 days, effective from December 2023?
Freedom fighter Agadhu Samantra (Orissa) served the British-Indian Army. Later on he left the British service to join the Indian National Army (INA) in ...
What is the service charge to non chest branches per 100 pieces?
ESG is a set of practices used to evaluate a company's operational performance as it relates to social and environmental impact. What does ESG stand for?
