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Centre seeks exemption for sovereign funds from RBI's alternate investment fund rules, sources say

By Economic Times - 5 months ago
The Indian government has requested the Reserve Bank of India (RBI) to exempt sovereign funds from the tightened rules concerning investments in alternate investment funds (AIFs). The RBI has asked banks and non-banking financial companies to raise provisions for AIF investments if they were also lenders to the projects in which the AIFs were investing.

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