This chapter explores the RBI's efforts to tackle the unethical practice of Evergreen, where loans are classified as non-performing assets. It also discusses alternative investment funds (AIFs) and their role in saving struggling businesses, while acknowledging the risks and loopholes involved.
In today’s episode for 21st December 2023, we tell you how the Reserve Bank of India is clamping down on an unholy practice known as evergreening.
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