Smart Finance, Investment & Budgeting with AI
MUMBAI: RBI has relaxed its earlier norms on alternate funding funds, which required lenders to make full provisions for his or her investments in AIFs if the fund invested in an organization that the financial institution lent to.Underneath the revised norms, provisioning is required just for the portion of the…
MUMBAI :Gopika Gopakumar gopika.g@livemint.com mumbai The Reserve Financial institution of India (RBI) on Wednesday tweaked guidelines governing investments in different funding funds (AIFs), providing some reduction for lenders pressured to make massive provisions, and traders instantly going through a drought of capital. In December, RBI ordered banks and non-bank lenders…
