Banks to be allowed to lend directly to REITs, RBI proposes easing norms to support real estate sector

Mumbai (Maharashtra) [India], February 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said that banks will be allowed to lend directly to Real Estate Investment Trusts (REITs), as the central bank moves to improve financing access for the real estate sector.

Announcing the outcome of the Monetary Policy Committee (MPC) meeting, the Governor said, 'To further promote financing to the r