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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.
___________ launched a booklet named “BE(A)WARE” which features common modus operandi used by fraudsters and precautions to be taken while c...
The Ministry of Railways and _________ signed an MoU to establish the India 5G testbed at the Indian Railway Institute of Signal Engineering and Telecom...
What is 'Powada' in the cultural context of Maharashtra?
Which organization reported the fourth global mass coral bleaching event during 2023-2024?
The 2022 Liberty Medal will be awarded to___?
Which one of the following IITs have recently created a new system for a hybrid unmanned vehicle that can operate both underwater and in the air?
Which of the following heritage sites is NOT included in Bisleri’s MoU with the Archaeological Survey of India (ASI) for water body rejuvenation?
Which of the following global mobile company has announced to invest $60M in 5 years to support MSMEs for strengthening local smartphone supply chain in...
Which of the following financial institution recently announced the opening of the first-ever Women-Only Digital Centre (DC) in India?
Which of the following countries is a Scandinavian Country which is recently in News due to its announcement to join NATO?