Author: Sybil Alvarez

"Incurable gamer. Infuriatingly humble coffee specialist. Professional music advocate."

RBI is tightening norms for lenders investing in AIFs

The Reserve Bank of India (RBI) on Tuesday directed regulated entities, including banks and non-banking financial companies, not to make investments in alternative investment funds (AIFs) that make downstream investments in existing and new borrowers. The banking regulator directed lenders