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Result of 3-year Targeted Long Term Repo Operation (TLTRO), April 3, 2020

Today, the Reserve Bank conducted the second Targeted Long Term Repo Operation (TLTRO) for a notified amount of ₹ 25,000 crores with a 3-year tenor in pursuance of the TLTROs announced vide press release dated March 30, 2020.

2. The total bids that were received amounted to ₹ 99,760 crores, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 3.99.

3. Allotment was done for all bids on a pro-rata basis as given below:

Tenor 3-year
Date of Reversal April 3, 2023
Notified Amount (in ₹ crore) 25,000
No of bids received 13
Total amount of bids received (in ₹ crore) 99,760
Amount allotted (in ₹ crore) 25,016
Pro-rata Allotment Percentage (%) 25.07

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/2173

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