The Reserve Bank of India (RBI) on Wednesday announced the fourth targeted long-term repo operation (TLTRO) on April 17 for Rs 25,000 crore. 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 Rs 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 RBI stated that the funds availed under this tranche of TLTRO would have to be deployed within 30 working days from the date of the operation. 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, the central bank added.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
