RBI’s hand behind today’s rally in banks, other financial stocks

Shares of banks and NBFC shares like Bajaj Finance on Thursday rose up to 4% after the Reserve Bank of India (RBI) relaxed rules regarding provisions for investments in Alternative Investment Funds (AIFs) by all regulated entities. Led by healthy buying seen in banks and other financial stocks, Nifty rallied over 200 points today and … Read more

Alternative Investment Funds: Apex PE-VC body seeks govt’s help to ease AIF curbs

Mumbai: The Indian Venture and Alternate Capital Association, or IVCA, is reportedly in discussions with central government officials to help ease the wide-ranging curbs the banking regulator imposed earlier this week on Alternative Investment Funds (AIFs), potentially choking institutional fund flows to a high-risk and hitherto lightly regulated investment vehicle experts believe could be misused … Read more