The Reserve Bank of India (RBI) withdrew the 20% limit on investments by FPIs in corporate bonds of an entity with a view to encourage more foreign investments.
As part of the review of the FPI investment in corporate debt undertaken in April 2018, it was stipulated that no FPI should have an exposure of more than 20% of its corporate bond portfolio to a single corporate (including exposure to entities related to the corporate).
Source: Money Control
Static/Current Takeaways Important For NIACL AO Mains Exam:
- RBI 25th Governor: Shaktikant Das, Headquarters: Mumbai, Founded: 1 April 1935, Kolkata.