Change of date of reversal for operations under LTRO and TLTRO due to holiday

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Published on March 03, 2023

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Change of date of reversal for operations under LTRO and TLTRO due to holiday

The Reserve Bank had conducted a Long Term Repo Operation (LTRO) on March 09, 2020 and a Targeted Long Term Repo Operation (TLTRO) on April 09, 2020. The dates of reversal of these operations are March 07, 2023 and April 07, 2023 respectively.

2. As the Government of Maharashtra has declared March 07, 2023 (Holi) and April 07, 2023 (Good Friday) as public holidays under Section 25 of the Negotiable Instruments Act, 1881, the dates of reversal of above mentioned LTRO and TLTRO have been modified as given below:

Operation details	Original Date of Reversal	New Date of Reversal
LTRO dated March 09, 2020	March 07, 2023 (Tuesday)	March 08, 2023 (Wednesday)
TLTRO dated April 09, 2020	April 07, 2023 (Friday)	April 10, 2023 (Monday)