The RBI permitted banks to invest up to 10% of the unit capital of a Real Estate Investment Trust (REITs) or Infrastructure Investment Trusts (InvITs).
The banks’ exposure to REITs/InvITs will be within the overall ceiling of 20% of the net worth permitted for direct investments in shares, convertible bonds/ debentures, units of equity-oriented mutual funds and Venture Capital Funds (VCFs). The move was aimed to help revive the cash-starved infrastructure sector.
Takeaways from above News-
- The RBI permitted banks to invest up to 10% of the unit capital of an REITs or InvITs
- RBI is headquartered in Mumbai and its Governor is Mr. Urjit Patel
- RBI has recently allowed banks to invest in REITs & InvITs
If you have any other takeaways, do share with us in the comment section
Source- Indian Express
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