Saturday, December 12, 2009

The RBI may possibly order banks to limit their exposure in Mutual Funds

RBI-LOGOThe Reserve Bank of India (RBI) may
possibly order banks to limit their exposure in mutual funds
and also prescribe norms for such investments, in order to
tighten exposure and deploying funds indirectly in sectors or
companies to which banks cannot lend directly due to exposure limits.

Source:RBI