Скачать с ютуб RBI Moves Against Banks & NBFCs Investing In AIFs: Who Are The Casualties? | CNBC TV18 в хорошем качестве

RBI Moves Against Banks & NBFCs Investing In AIFs: Who Are The Casualties? | CNBC TV18

The Reserve Bank of India (RBI) on Tuesday introduced regulations to prevent banks and non-banking financial companies (NBFCs) from utilising the alternative investment fund (AIF) route to 'evergreen' their loans. RBI says it has been noticing a practice whereby banks and NBFCs, when saddled with a stressed borrower, float an AIF, invest in it, and ensure that the AIF lends the money to a stressed company which then repays its lenders (banks/NBFCs). The AIF itself redeems its units after 6 or 7 years, giving ample time for the company to turnaround. In its reprisal, the RBI has said that if the banks & NBFCs own units in AIFs which have lent to their existing borrowers, then the banks & NBFCs have to sell the units in 30 days. Alternatively, if the lenders continue to hold AIF units, they have to fully provide for their exposure in the borrower. In some cases, AIFs insist that the borrowing company has to first pay the AIF, if it goes to bankruptcy. This in legal language is called Priority Distribution Model. In such cases, the central bank says that the lenders have to provide capital to the extent of the units they own. Who are the casualties of the RBI's new provisioning & capital penalty? Catch Latha Venkatesh in conversation with S Sriniwasan, Managing Director, Kotak Alternate Asset Management on the repercussions of RBI's new rules to prevent evergreening of loans. He believes that the entire Alternate Investment Fund industry is going to be damaged by this move. Listen in. #rbi #alternateinvestmentfund #AIF #banks #NBFCs #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf --------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹CNBC TV18 Classic Interviews:    • CNBC-TV18 Classics   🔹CNBC TV18 Digital:    • CNBC-TV18 Digital   🔹CNBC TV18 Weekend Special:    • CNBC-TV18 Weekend Special   🔹CNBC TV18 Next-Gen:    • CNBCTV18 Next-Gen   🔹Overdrive Show:    • OVERDRIVE || CNBC TV18   🔹CNBC TV18 Newsreels:    • CNBC-TV18 Newsreel   🔹Young Turks:    • YOUNG TURKS - The Entrepreneurship Show   🔹Startup Streets:    • Startup Street   ------------------------------------------------------------------------------------ You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ Like us on Facebook:   / cnbctv18india   Follow us on Twitter:   / cnbctv18news   Follow us on Instagram:   / cnbctv18india   Catch us on: Linkedin:   / cnbc-tv18   n18oc_business About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here