May 8, 2024
Investment

Lenders Rally After India’s Central Bank Eases Investment Curbs

(Bloomberg) — Indian banks and shadow lenders rose Thursday after the country’s central bank eased capital requirements for a unique type of investment, a move that may free up more funds for loans. Most Read from Bloomberg The gains came after the Reserve Bank of India issued Wednesday modified rules on lenders’ required provisions for

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Loans

‘Risky loans’: How RBI’s new rules may impact shadow lenders

A week after India barred lenders from investing in alternative investment funds that hold stakes in their borrowers, the market is counting the cost.The Reserve Bank of India said the move is designed to prevent an unstable build up of assets in the country’s financial system. But, lawyers and analysts say alternative investment fund managers

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