RBI to release on-tap TLTRO funds every Monday, scheme to run till Mar 31

The Reserve Bank of India (RBI) on Wednesday said banks can avail on-tap funds under the targeted long-term repo operations (TLTRO) to invest in papers issued by companies in the agriculture, agri-Infrastructure, secured retail, micro, small and medium enterprises (MSMEs), drugs, pharmaceuticals and in healthcare.
 

The on-tap TLTRO scheme will remain operational till March 31, and all banks will be eligible to participate. The RBI will be aggregating all requests received from the banks for the funds, and release funds every Monday by initiating a 3-year repo contract with the requesting bank, the central bank said in a release on