▫️They Provide medium to long term finance to different sectors through refinance and direct lending.
▫️There are 4 AIFIs- Exim Bank, NABARD, NHB and SIDBI.
▫️All AIFIs are under regulations and supervision of RBI.
▫️Prudential norms relating to asset classification are applicable on AIFIs also.
▫️ AIFIs are also subjected to onsite inspection and offsite surveillance by RBI.
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