Venture Intelligence (TSJ Media Pvt. Ltd.)
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RBI caps investments by banks, NBFCs in AIF schemes at 20%
The Reserve Bank of India (RBI) has issued new directions for regulated entities (REs) such as banks and non-banking financial companies (NBFCs) regarding investments in Alternative Investment Funds (AIFs).These directions cap the cumulative exposure of all REs in an AIF scheme at 20%, with a single RE’s contribution limited to 10% of the scheme’s corpus. Equity instruments have been excluded from the scope of downstream investments subject to provisioning requirements.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.