• SENSEX
    NIFTY 50
VIDEOS
Business

Explained: Will Budget 2021 take AIF route to resolve stressed assets issue?

Updated : January 31, 2021 01:42 PM IST

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.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement