While the Reserve Bank of India’s (RBI) move to allow banks to lend directly REITs (real estate investment trusts) will widen their borrowing options, it is unlikely to reduce cost of debt in a big way, as the difference of rates between bonds/commercial papers and bank credit is merely 10-15 basis points (bps). “AAA rated companies anyways get good rates. Even after banks get the nod, difference (10-15 bps) in rates won’t be significant,” said a senior executive at a company familiar with REIT fundraising.