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Date: 03/04/2020
Reserve Bank announces third 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 years tenor of appropriate sizes for a total amount of up to ₹ 1,00,000 crores. So far, TLTROs for ₹ 50,000 crores have been conducted in two tranches. It has now been decided to conduct another TLTRO operation for ₹ 25,000 crores. The details of the operation are as under:

Sl. No. Date of operation Notified Amount
(₹ crore)		 Tenor Window Timing Date of Reversal
1 April 09, 2020 25,000 3-year 10:30 AM-11:30 AM April 07, 2023

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. 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)     
Chief General Manager

Press Release: 2019-2020/2176

 
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