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Background The Reserve Bank of India (RBI) Governor in his statement on October 6, 2023, while taking note of the high growth in certain components of personal loans, highlighted the need to institute mechanisms in order to monitor this growth and address potential stress. Following his statement, the RBI by way of its notification dated […]

Background The Reserve Bank of India (RBI) recently issued a notification raising concerns arising from investments by entities regulated by it (Regulated Entities) in units of alternative investment funds (AIFs). The notification dated December 19, 2023 (Notification) aims to curb potential regulatory risks associated with the substitution of direct loan exposure of Regulated Entities with […]