RBI curtails Banks/FIs ever greening investment in AIFs
RBI on Tuesday said that Regulated entities (REs) like Banks/FIs make investments in units of AIFs as part of their regular investment operations. However, it added that certain transactions of REs involving AIFs that raise regulatory concerns have come to their notice. The full form of AIF is the Alternate Investment Fund. AIF means any…
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Green Deposits and Green finance by banks explained
Meaning of green deposits: The provisions of the framework for green deposits raised in India after June 01, 2023. A green deposit means an interest-bearing deposit, received by Regulated Entities (RE) like Commercial Banks, Small Finance Banks (excluding Regional Rural Banks, Local Area Banks, and Payments Banks), and deposit-taking NBFCs for a fixed period, the…
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The Interconnectedness of Financial Markets
Globalization is the free movement of people, goods, and services across boundaries. Due to Globalization, trade, and technology have made the world a more connected and interdependent place because of the expansion of trade, cross-border commerce, and access and engagement to financial markets and trading. While this connection has global benefits, it can also enable…
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Explained: Alternate Investment Fund (AIF)
AIF is an acronym for ‘Alternate Investment Fund’. AIFs are structured as trusts, limited liability partnerships (LLPs), or companies that can be registered with SEBI. These entities are Indian investment vehicles that collect funds from sophisticated investors, whether Indian or foreign, for investing by a defined investment policy. AIFs are regulated by the Securities…
Bank Holidays 2024: Madhya Pradesh State
The list of Bank Holidays for the year 2023 in Madhya Pradesh State under section 25 of NI Act 1881 is as under Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHASHIVARATRI 4 25.03.2024 Monday HOLI 2nd Day 5 29.03.2024 Friday GOOD FRIDAY 6 01.04.2024 Monday Annual closing of Banks…
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