alexa
Indianmoney.com Missed Call Number
 
Home News RBI permits banks to invest in REITs and InvITs

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Residential Land Click Here
 
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.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!