RBI caps AIF investments by banks and non-banks at 10% of fund’s corpus
The Reserve Bank of India (RBI) on Tuesday capped investments by banks and non-bank financiers in alternative investment funds (AIFs) at 10% of the fund’s corpus, two months after it proposed relaxations to its 2023 circular. The central bank said no regulated entity should individually contribute more than 10% of the corpus of an AIF…