homevideos Newseconomy NewsExplained: Will Budget 2021 take AIF route to resolve stressed assets issue?
Explained: Will Budget 2021 take AIF route to resolve stressed assets issue?
Uday Kotak expects the Union Budget 2021 to allow Alternative Investment Funds (AIFs) to act as Bad Banks. Anil Agarwal of Vedanta says that he is raising $10 billion fund to buy stressed assets.
Uday Kotak expects the Union Budget 2021 to allow Alternative Investment Funds (AIFs) to act as Bad Banks. Anil Agarwal of Vedanta says that he is raising $10 billion fund to buy stressed assets.
Latha Venkatesh reports that going by what corporate honchos are saying, it appears that the AIF route could be taken to allow private sector funds to buy up stressed funds.
Currently AIFs can't buy loans because SEBI allows them to buy only securities. Moreover, RBI could also tweak rules to allow banks to sell loans to AIFs.
Watch video for more.
(Edited by : Bivekananda Biswas)
First Published: Jan 28, 2021 5:29 PM IST
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