استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
RBI clamps down on evergreening via AIFs
December 20, 2023
|Business Standard
In the middle of concerns about the circumvention of regulations by alternative investment funds (AIFs), the Reserve Bank of India (RBI) issued an advisory on Tuesday to banks and financial companies to curb the evergreening of loans and misuse of the AIF route.
According to the RBI advisory, banks, nonbanking 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.
هذه القصة من طبعة December 20, 2023 من Business Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Business Standard
Business Standard
Lok Sabha passes VB-G RAM G Bill amid Oppn protest
The Lok Sabha on Thursday passed a bill to replace the 20-year-old scheme MGNREGA amid tearing of papers by opposition members who accused the BJP-led government of destroying the rural economy.
1 min
December 19, 2025
Business Standard
Anti-India US tariffs hurting industries: Rahul
Asserting that the \"anti-India\" tariff policy of the US has had a devastating impact on several industries, Congress leader Rahul Gandhi on Thursday flagged the plight of the carpet weavers of Uttar Pradesh's Bhadohi and called for returning power to the hands of small businesses through policies and economic support.
1 min
December 19, 2025
Business Standard
Top court questions blanket deposit exemption for company directors
NO BLANKET EXEMPTION FROM MANDATORY 20% DEPOSIT DURING APPEAL HEARINGS, SAYS COURT
1 mins
December 19, 2025
Business Standard
From Vietnam to Iraq: A lifetime of war reporting
Peter Arnett, the Pulitzer Prize-winning reporter who spent decades dodging bullets and bombs to bring the world eyewitness accounts of war from the rice paddies of Vietnam to the deserts of Iraq, has died. He was 91.
2 mins
December 19, 2025
Business Standard
Delhi curbs open new mkt for ICE-to-EV retrofitters
While comprehensive industry-wide figures are unavailable, a rough estimate drawing on Transparency Market Research's 2021 assessment puts the EV powertrain retrofitting market at about 1 million vehicles, valued at roughly $2.14 billion.
2 mins
December 19, 2025
Business Standard
NCLT approves first stage of Adani Harbour and Adani Ports merger
The Ahmedabad branch of the National Company Law Tribunal on Tuesday gave its nod for the first-stage approval to the proposed merger of Adani Harbour Services Limited with its parent firm - Adani Ports and Special Economic Zone Limited.
1 min
December 19, 2025
Business Standard
Airtel to call for ₹15,741 cr tranche of rights issue
Proceeds to be used towards retiring majority of non-govt-related debt
3 mins
December 19, 2025
Business Standard
IndiGo brass to fan out with 'rebuilding' message
The new pilot rest and duty rules increased weekly rest requirements and reduced permissible night flying hours for pilots.
1 min
December 19, 2025
Business Standard
Stalin writes to PM: Tariffs squeezing profits for textile exporters, leading to mass layoffs
Tamil Nadu Chief Minister MK Stalin has sought an early conclusion of the ongoing India-US trade negotiations, saying that exporters at knitwear hub Tiruppur had already lost ₹15,000 crore in confirmed orders and millions of jobs were at risk, describing it as a \"looming humanitarian challenge\".
1 mins
December 19, 2025
Business Standard
Shriram group may still stay promoter after $4 bn deal
In one of the largest investments in India's financial services space, Japan's Mitsubishi UFJ Financial Group (MUFG) is likely to invest over $4 billion in Shriram Finance for a 20 per cent stake, and the domestic lender is likely to announce the deal on Monday after board approval, sources said.
2 mins
December 19, 2025
Translate
Change font size