RegAlert2026-09-22
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Reserve Bank of India (Local Area Banks - Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026
The directions amend Chapter IX of the 2025 Directions by inserting Paragraph 83A for Infrastructure Investment Trusts (InvITs) and Paragraph 83B for Real Estate Investment Trusts (REITs). Quoted securities and units of InvITs and REITs are valued mutatis mutandis as per instructions for quoted securities. Unquoted units are valued at the Net Asset Value (NAV) disclosed by the trust, with a fallback value of ₹1 if the NAV is not computed and disclosed as specified under the relevant SEBI Regulations.
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( 244 kb ) Reserve Bank of India (Local Area Banks - Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026
RBI/2026-27/265 DOR.MRG.REC.No.229/00-00-001/2026-27
September 22, 2026
Reserve Bank of India (Local Area Banks - Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026
Please refer to Chapter – IX of Reserve Bank of India (Local Area Banks - Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025, dated November 28, 2025 , on fair valuation of investments. In order to ensure clarity and uniform practices in the valuation of units of Infrastructure Investment Trust (InvIT) and Real Estate Investment Trusts (REIT), there is a need to amend the extant instructions.
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Source: Reserve Bank of India — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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