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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.
As of March 2023, how many foreign bank branches are giving their services in India?
When did the first Five-Year Plan end?
Which section of RBI Act 1934 gives the provisions to override other provisions of Act?
National Voters Day is celebrated on 25 January to encourage the youth to participate in the vote in the electoral process. What is the theme for the ye...
The maiden international cruise vessel between Chennai and Sri Lanka was flagged off by the Union Minister of Ports, Shipping and Waterways Sarbananda ...
Whose autobiography is titled 'Waiting for a Visa'?
Which of the following is the correct descending order of nitrate ion (NO3 ͞ ), chloride ion (CI ͞ ), bromide ion (Br ͞ ) and iodide ion ...
India's first repository for life science data was established in which city?
What is the primary aim of the RBI's centralised web portal, UDGAM (Unclaimed Deposits – Gateway to Access Information)?
Identify the INCORRECT statement for the universal law of gravitation.