From now, a lender will not be allowed to invest in the schemes of any AIF that has invested in a borrower or investee of that lender, a move the regulator said aims to address concerns of evergreening.
Mint reported in November 2022 that the Securities and Exchange Board of India (Sebi) had informed RBI about instances of non-bank financiers evergreening loans through the AIF route.
Evergreening refers to practices to mask the true extent of bad loans by allowing delinquent borrowers to take more loans and repay existing ones.
Bu hikaye Mint Mumbai dergisinin December 20, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin December 20, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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