April 18, 2017 / 12:49 PM / 3 months ago

RBI issues guidelines for bank investments into REITs, InvITs

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FILE PHOTO: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016.Danish Siddiqui/File photo

REUTERS - The Reserve Bank of India issued guidelines on Tuesday for investments by commercial banks in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), including setting limits on the overall investments.

The RBI said at a policy review earlier this month that it would allow banks to invest in REITs and InvITs.

Among the guidelines issued on Tuesday, the central bank said banks would not be allowed to invest more than 10 percent of the unit capital of a REIT or InvIT.

For full statement see: bit.ly/2pxhOod

Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Biju Dwarakanath

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