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India cenbank issues guidelines for bank investments into REITs, InvITs
April 18, 2017 / 12:43 PM / 5 months ago

India cenbank issues guidelines for bank investments into REITs, InvITs

April 18 (Reuters) - India’s central bank 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 Reserve Bank of India 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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