Positive for the banks as well as for the real estate sector: RBI Governor Sanjay Malhotra on new lending rules for REITs
Mumbai (Maharashtra) [India], February 6 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the new proposal to allow banks to lend to Real Estate Investment Trusts (REITs) will be positive for the banks and the sector alike. He explained that while a framework for lending to real estate companies already existed, trusts were previously excluded from direct bank credit.
'It will help the real e