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RBI permits banks to invest in REITs and InvITs

RBI permits banks to invest in REITs and InvITs

Thursday, April 6, 2017, 6:32 PM

The RBI today allowed banks to invest in Real-Estate Investment Trust (REITs) and Infrastructure Investment Trusts (InvITs), a move that will help revive the cash-starved infrastructure sector. Banks are allowed to invest in equity-linked mutual funds, venture capital funds (VCFs) and equities to the extent of 20% of their Net Owned Fund (NOF) the RBI said in its first bi-monthly monetary policy for 2017-18.
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