RBI Allows Banks To Invest In Realty, Infrastructure Investment Trusts

Mumbai: The Reserve Bank on Thursday 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 per cent of their Net Owned Fund (NOF). "It is proposed to allow banks to invest in REITs and Inv...