RBI caps investment by a bank in AIF scheme at 10 per cent

Reserve Bank of India (RBI) sets new rules for investments. These rules limit how much banks and NBFCs can invest in Alternative Investment Funds. A single entity can only contribute up to 10 percent of an AIF scheme. All regulated entities together cannot exceed 20 percent. RBI may exempt certain AIFs from these rules after consulting with the government.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/NdnPBIG
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