The Reserve Bank on Wednesday modified its circular on regulated entities' (RE) investments in alternative investment funds (AIFs), dialling down on some of the requirements after a feedback.
Investments by REs in AIFs through intermediaries such as fund of funds or mutual funds are not included in the scope of the circular, the revised circular clarified
The Reserve Bank on Wednesday modified its circular on regulated entities' (RE) investments in alternative investment funds (AIFs), dialling down on some of the requirements after a feedback.
The Reserve Bank of India (RBI) had in December 2023 come out with the circular governing investments by banks, non-bank lenders and other REs to the AIF sector, following concerns of the route being used for evergreening of loans.