RBI relaxes alternate fund norms for lenders

RBI relaxes alternate fund norms for lenders

MUMBAI: RBI has relaxed its earlier norms on alternate investment funds, which required lenders to make full provisions for their investments in AIFs if the fund invested in a company that the bank lent to.Under the revised norms, provisioning is required only for the portion of the bank or finance company’s investment in the AIF … Read more

stock deals: Chock-a-Block: Rs 55,000 crore mega stock deals & counting

stock deals: Chock-a-Block: Rs 55,000 crore mega stock deals & counting

Mumbai: The frequency and size of block deals in India are keeping pace with the recent surge in India’s equity indices as promoters, private equity majors and global investment funds execute billions of dollars of negotiated trades in public stock. So far in March, shares worth more than ₹55,000 crore – the highest ever in … Read more