 "RBI, Reserve Bank of India")
Reserve Bank of India said on Wednesday that investments by commercial banks in Alternate Investment Funds (AIFs) category-I and II will get the same prudential treatment applicable to investment in Venture Capital Funds.
RBI said it had received queries from banks on applicability of the prudential treatment for investment in VCFs to investment in AIFs.
AIF means fund established or incorporated in India, a privately pooled investment vehicle, that collects funds from sophisticated investors (Indian or foreign). AIFs invest funds in line with a defined investment policy for the benefit of its investors.
AIF I invest in start-up or early
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