RBI issues Final Amendment Directions on Lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)
The Reserve Bank had, on February 13, 2026, issued draft Amendment Directions for instructions on ‘Lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)’, seeking feedback from stakeholders. The draft Amendment Directions proposed to permit commercial banks to extend finance to REITs, subject to appropriate prudential safeguards including regulatory ceiling for exposure to REITs. The existing guidelines on lending to InvITs (applicable to commercial banks, small finance banks and All India Financial Institutions) were also proposed to be harmonised with the prudential safeguards for lending to REITS.
- Feedback received on the above draft Directions has been examined and the consequent modifications, as decided by the Reserve Bank, have been suitably incorporated in the Final Amendment Directions. A statement on the feedback received for the draft Amendment Directions is provided in the Annex.
- Accordingly, the Reserve Bank of India has today issued the following Amendment
Directions:
(i) Reserve Bank of India (Commercial Banks Credit Facilities) Third Amendment Directions, 2026 –
(ii) Reserve Bank of India (Commercial Banks – Concentration Risk Management) Third Amendment Directions, 2026
(iii) Reserve Bank of India (Commercial Banks Prudential Norms on Capital -Adequacy) Eighth Amendment Directions, 2026
(iv) Reserve Bank of India (Small Finance Banks Credit Facilities) Second Amendment Directions, 2026
(v) Reserve Bank of India (All India Financial Institutions Amendment Directions, 2026 Credit Facilities)
In view of the changes to asset classes that would come into effect from April 1, 2027 on account of the Reserve Bank of India (Commercial Banks Capital Charge for Credit Risk – Standardised Approach) Directions, 2026 issued on April 27, 2026, it has been decided not to amend the Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures), 2025 that were proposed while issuing the draft Directions, at this juncture.
Press Release: 2026-2027/429
(Brij Raj) Chief General Manager