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 released draft Amendment Directions regarding lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), following the announcement made in the Statement on Developmental and Regulatory Policies dated February 6, 2026. These directions are for public comment. Feedback on the draft Amendment Directions must be submitted by March 6, 2026.
**Key Points / Main Content**
* **Draft Amendment Directions:**
* RBI has issued draft Amendment Directions for public comments.
* The Directions relate to:
* Commercial Banks - Credit Facilities (Second Amendment)
* Commercial Banks - Concentration Risk Management (Second Amendment)
* Commercial Banks - Financial Statements: Presentation and Disclosures (Fourth Amendment)
* Small Finance Banks - Credit Facilities (Second Amendment)
* All India Financial Institutions - Credit Facilities (Second Amendment)
* **Purpose of Amendment Directions:**
* To permit commercial banks to extend finance to REITs.
* Subject to appropriate prudential safeguards, including regulatory ceilings for exposure to REITs.
* To harmonize existing lending guidelines for InvITs with proposed safeguards for lending to REITs.
* **Submission of Feedback:**
* Comments/feedback must be submitted on or before March 6, 2026.
* Submission Channels:
* Via the 'Connect 2 Regulate' section on the RBI website.
* Via email with the subject line ‘Feedback on (full name of the draft Amendment Directions (including the type of Regulated Entity))’.
**Impact Analysis**
**Commercial Banks, Small Finance Banks, and All India Financial Institutions**
* **Impact:** The banks are impacted by the proposed permission to extend finance to REITs and changes to prudential safeguards. They are also impacted by harmonizing the lending guidelines for InvITs with REITs.
* **Action Required:** Review the draft Amendment Directions and provide comments/feedback to RBI by March 6, 2026, through the specified channels.
**Regulated Entities, Stakeholders, and Members of the Public**
* **Impact:** The document directly solicits the opinions and feedback of the impacted parties.
* **Action Required:** Review the draft Amendment Directions and provide comments/feedback to RBI by March 6, 2026, through the specified channels.
Key Entities Referenced
Reserve Bank of India: The issuer of the draft amendment directions, and the central bank of India.
Lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs): The subject of the draft amendment directions.
Amendment Directions, 2026 - Draft for Comments: Draft directions issued by RBI, open for public comment. They pertain to lending to REITs and InvITs.
Statement on Developmental and Regulatory Policies: A statement referenced as the basis for issuing the draft amendment directions.
'Connect 2 Regulate': A section on the Reserve Bank of India website for providing feedback.
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