Evergreening of loans – Is RBI justified in its actions? 

Companies often seek to retire higher interest loans with lower interest ones. Banning banks and NBFCs from investing in Alternative Investment Funds on suspicion, often baseless, of evergreening of loans is creating artificial funds crunch. Instead pursue proactive disclosures of loans from AIFs  and audit committee scrutiny of investments in AIFs  

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​ Companies often seek to retire higher interest loans with lower interest ones. Banning banks and NBFCs from investing in Alternative Investment Funds on suspicion, often baseless, of evergreening of loans is creating artificial funds crunch. Instead pursue proactive disclosures of loans from AIFs  and audit committee scrutiny of investments in AIFs   Companies often seek to retire higher interest loans with lower interest ones. Banning banks and NBFCs from investing in Alternative Investment Funds on suspicion, often baseless, of evergreening of loans is creating artificial funds crunch. Instead pursue proactive disclosures of loans from AIFs  and audit committee scrutiny of investments in AIFs    Moneycontrol Latest News Read More