RBI: Option of repaying the funds availed under TLTRO
| Option of repaying the funds availed under Targeted Long-Term Repo Operations (TLTRO and TLTRO 2.0) before maturity |
| As announced in the Statement of Developmental and Regulatory Policies of October 09, 2020 an option will be provided to banks that had availed of funds under TLTRO and TLTRO 2.0 to reverse these transactions before maturity. Accordingly, the Reserve Bank had, vide Press Release: 2020-2021/521 dated October 21, 2020, notified the scheme of reversal of funds availed under Targeted Long-Term Repo Operations (TLTRO and TLTRO 2.0). 2. Based on requests received from banks, it has been decided to postpone the dates of submission of requests for and exercise of the repayment option. The revised dates will be communicated shortly. |
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