Mumbai, July 29 -- Reserve Bank of India has come up with Investment in Alternative Investment Funds (AIF) Directions, 2025 today. It noted that these Directions shall come into force from January 1, 2026, or from any earlier date as decided by a RE as per its internal policy. These Directions shall be applicable to investments by Regulated Entities (REs) in units of AIF Schemes. These include Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks), Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks, All-India Financial Institutions and Non-Banking Financial Companies (including Housing Finance Companies).

A RE's investment policy shall have suitable provisions gov...