RBI to conduct fourth LTRO for Rs 25,000 crore on April 17
“The funds availed under this tranche of TLTRO would have to be deployed within 30 working days from the date of the operation,” the central bank said.
By ETMarkets.com |
Reuters
In order to ensure liquidity in the market, 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.
The central bank announced TLTRO on March 27 and has so far done three tranches worth Rs 75,000 crore. The initial target is Rs 1 lakh crore.
The third tranche was conducted for Rs 25,000 crore on April 7.
“The funds availed under this tranche of TLTRO would have to be deployed within 30 working days from the date of the operation,” the central bank said.
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 announced TLTRO on March 27 and has so far done three tranches worth Rs 75,000 crore. The initial target is Rs 1 lakh crore.
The third tranche was conducted for Rs 25,000 crore on April 7.
“The funds availed under this tranche of TLTRO would have to be deployed within 30 working days from the date of the operation,” the central bank said.
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.
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