3 Reasons SEBI & RBI Keep A Close Eye on AIFs
In a startling revelation that has sent shockwaves through the financial industry, the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have initiated investigations into a dozen cases involving Alternate Investment Funds (AIFs) allegedly being used to circumvent regulations. This development has raised serious concerns about the integrity of the AIF industry and its role in the broader financial landscape of India.
