IIFCL seeks RBI nod to lend to InvITS; earmarks Rs.4,000-Cr

India Infrastructure Finance Company Ltd (IIFCL) has sought clearance from the Reserve Bank of India (RBI) to lend to infrastructure investment trusts, or InvITs, as they are performing well. IIFCL plans to lend around INR 4,000 crore this financial year, subject to approval from the Reserve Bank.