May 21, 2024 22:26 (IST)
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RBI prohibits lenders from investing in AIFs linked to their borrowers

RBI prohibits lenders from investing in AIFs linked to their borrowers

Mumbai: The Reserve Bank of India (RBI) on Tuesday said that entities under its regulation, including banks, non-bank lenders, and home financiers, are prohibited from investing in alternative investment funds (AIFs) that have, either directly or indirectly, invested in companies that have borrowed funds from these lenders.