India's Piramal Enterprises plans to set aside provisions for certain exposures to investments in alternate investment fund (AIF) units, following the Reserve Bank of India's tightening rules. The RBI has barred all entities from investing in AIFs with borrowers in the past 12 months. As of November 30, Piramal's AIF investments were valued at Rs 38.17 billion.
from Banking/Finance-Industry-Economic Times https://ift.tt/JRujfp4
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