Date: 2026-02-13Category: Not ApplicableState: Union GovernmentCountry: India
RBI Issues Draft Amendment Directions for instructions on ‘Lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)’
**Executive Summary**
The Reserve Bank of India (RBI) has issued draft Amendment Directions for instructions on ‘Lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)’ following the Statement on Developmental and Regulatory Policies dated February 6, 2026. These directions aim to permit commercial banks to extend finance to REITs, subject to prudential safeguards. Comments and feedback on the draft Amendment Directions are due by March 6, 2026.
**Key Points / Main Content**
* **Purpose of Amendment Directions:**
* Permit commercial banks to extend finance to REITs.
* Subject to appropriate prudential safeguards, including regulatory ceiling for exposure to REITs.
* Harmonise existing lending guidelines to InvITs for commercial banks, small finance banks, and All India Financial Institutions for parity with REITs.
* **Specific Amendment Directions Issued:**
* Reserve Bank of India (Commercial Banks – Credit Facilities) Second Amendment Directions, 2026 - Draft for Comments
* Reserve Bank of India (Commercial Banks – Concentration Risk Management) Second Amendment Directions, 2026 - Draft for Comments
* Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) Fourth Amendment Directions, 2026 - Draft for Comments
* Reserve Bank of India (Small Finance Banks – Credit Facilities) Second Amendment Directions, 2026 - Draft for Comments
* Reserve Bank of India (All India Financial Institutions – Credit Facilities) Amendment Directions, 2026 - Draft for Comments
* **Submission of Comments:**
* Comments and feedback must be submitted on or before March 6, 2026.
* Two channels for submission: 'Connect 2 Regulate' section on the RBI website; OR by email with the subject line 'Feedback on (full name of the draft Amendment Directions (including the type of Regulated Entity))'.
**Impact Analysis**
**Commercial Banks**
* **Impact:** Will be permitted to extend finance to REITs, subject to prudential safeguards and regulatory ceiling.
* **Action Required:** Review the draft Amendment Directions and submit comments/feedback by March 6, 2026.
**Small Finance Banks and All India Financial Institutions**
* **Impact:** Lending guidelines for InvITs will be harmonised with those for REITs.
* **Action Required:** Review the draft Amendment Directions and submit comments/feedback by March 6, 2026.
**Regulated Entities, Stakeholders and General Public**
* **Impact:** Their comments and feedback are sought on the draft Amendment Directions.
* **Action Required:** Review the draft Amendment Directions and submit comments/feedback by March 6, 2026.
Key Entities Referenced
Reserve Bank of India: The central bank of India, issuing draft amendment directions.
Amendment Directions, 2026: Draft directions for lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
Real Estate Investment Trusts (REITs): Investment instruments subject to the amendment directions.
Infrastructure Investment Trusts (InvITs): Investment instruments subject to the amendment directions.
Statement on Developmental and Regulatory Policies: A statement by the Reserve Bank of India on February 6, 2026 which prompted the issuing of the draft amendment directions.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय �रज़वर् बैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, केंद्रीय कायार्लय, शहीद भगत िसंह मागर्, फोटर्, मुंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
February 13, 2026
RBI Issues Draft Amendment Directions for instructions on ‘Lending to Real
Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)’
In pursuance of the announcement made in the Statement on Developmental and
Regulatory Policies dated February 6, 2026, the Reserve Bank of India has today
issued the following draft Amendment Directions for public comments:
i) Reserve Bank of India (Commercial Banks – Credit Facilities) Second
Amendment Directions, 2026 - Draft for Comments
ii) Reserve Bank of India (Commercial Banks – Concentration Risk Management)
Second Amendment Directions, 2026 - Draft for Comments
iii) Reserve Bank of India (Commercial Banks – Financial Statements: Presentation
and Disclosures) Fourth Amendment Directions, 2026 - Draft for Comments
iv) Reserve Bank of India (Small Finance Banks – Credit Facilities) Second
Amendment Directions, 2026 - Draft for Comments
v) Reserve Bank of India (All India Financial Institutions – Credit Facilities)
Amendment Directions, 2026 - Draft for Comments
2. The above draft Amendment Directions propose to permit commercial banks to
extend finance to REITs, subject to appropriate prudential safeguards including
regulatory ceiling for exposure to REITs. The existing guidelines in respect of lending
to InvITs (applicable to commercial banks, small finance banks and All India Financial
Institutions) are also proposed to be harmonised for parity with prudential safeguards
proposed for lending to REITs considering the similarity in organisational structure
and risks.
3. The comments / feedback on the draft Amendment Directions may be submitted
by the regulated entities and other stakeholders / members of public on or before
March 6, 2026 through the following channels:
i) The ‘Connect 2 Regulate’ section on the website by following the
corresponding hyperlink provided against each document in the page where
they are hosted; or
ii) by email with the subject line ‘Feedback on (full name of the draft
Amendment Directions (including the type of Regulated Entity))’.
(Brij Raj)
Press Release: 2025-2026/2115 Chief General Manager