RBI Unleashes Magical Lending Power for REITs' Expansion

In a dazzling turn of events, the Reserve Bank of India has waved its wand, allowing banks to lend directly to the enchanted realm of real estate investment trusts (REITs). This magical decree will help REITs gather golden galleons faster, fueling their quests for retail and office expansions, while shielding them from the stormy seas of capital market turbulence.