RBI to conduct first SLTRO of Rs 10k cr for small finance banks on May 17

The SLTRO will be valid for three years. All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate Covid-related dislocations

The Reserve Bank of (RBI) will be conducting one special long term repo operation (SLTRO) for small finance banks (SFB) for each month, totalling Rs 10,000 crore.
 
The first auction of Rs 10,000 crore will take place on May 17, and the unutilised portion will be auctioned on June 15. Like this, the SLTROs will continue till October 14, or till the unutilised amount is fully utilised.
 
The SLTRO will be valid for three years.  All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate