Reserve Bank Announces Fourth Targeted Long Term Repo Operation (TLTRO) - ਆਰਬੀਆਈ - Reserve Bank of India
Reserve Bank Announces Fourth Targeted Long Term Repo Operation (TLTRO)
As announced in the Statement of Developmental and Regulatory Policies on March 27, 2020, the Reserve Bank will conduct TLTROs of up to three-year tenor of appropriate sizes for a total amount of up to ₹ 1,00,000 crore. So far, TLTROs for ₹ 75,000 crore have been conducted in three tranches. It has now been decided to conduct the next TLTRO operation for ₹ 25,000 crore. The details of the operation are as under:
2. The funds availed under this tranche of TLTRO would have to be deployed within 30 working days from the date of the operation. 3. The maximum amount that a particular bank can invest in the securities issued by a particular entity or group of entities out of the allotment received by it under the TLTRO shall be capped at 10 per cent. 4. All other operational guidelines as given in Reserve Bank’s Press Release 2019-2020/2131 dated March 27, 2020 will remain the same. (Yogesh Dayal) Press Release : 2019-2020/2219 |