Behalf of Khaitan & Co. – India’s oldest and one of the largest corporate law firm.
The Reserve Bank of India announced its first bi-monthly monetary policy statement for 2017-18 today.
The RBI proposed to allow banks to participate in Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts (InvITs) following a proposal by market regulator Securities and Exchange Board of India (SEBI). Banks would be allowed to invest in these instruments within the stipulated limit of 20 percent of net-owned funds.
With regards to this Khaitan & Co.’s experts would actively like to share insights and its impact on the Real Estate sector.