 "Reserve Bank of India, RBI")
The Reserve Bank of India (RBI) wrote to the Securities and Exchange Board of India (Sebi) to plug loopholes in alternative investment funds (AIFs) regulations that are being exploited by the funds to give corporate loans.
According to sources, the banking regulator is concerned about the risks posed by such practices and fears the route could also be used for money laundering.
It is worthwhile to note that all the lending businesses in India are regulated by the RBI.
The issue came to light during the market regulator’s investigation against Srei Alternatives, a category-II AIF.
In
According to sources, the banking regulator is concerned about the risks posed by such practices and fears the route could also be used for money laundering.
It is worthwhile to note that all the lending businesses in India are regulated by the RBI.
The issue came to light during the market regulator’s investigation against Srei Alternatives, a category-II AIF.
In
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