Key Points
BENGALURU (Reuters) Indias markets regulator on Tuesday asked fund managers of alternate investment funds (AIFs) to exercise stricter due diligence of investors to prevent circumvention of rules, including evergreening or masking of stressed loans...
Fund managers are required to review AIF schemes that have a sponsor regulated by Indias central bank, in accordance with a specific set of rules..
In October 2023, Reuters reported, citing sources, that SEBI and the RBI were investigating cases involving 150 billion to 200 billion rupees ($1.8 billion to $2.4 billion) where AIFs were misused...
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