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). Detailed guidelines will be issued by May-end 2017, the RBI stated in its first bi-monthly monetary policy for 2017-18.
- RBI has allowed banks to invest in REITs & InvITs
- Real Estate Investment Trust is the full form of REITs
- Infrastructure Investment Trusts is the full form InvITs
- BP Kanungo has been recently appointed as the new Deputy Governor of RBI.