RBI extends On Tap TLTRO deadline till 31st December 2021

The RBI has extended the life of the On Tap Targeted Long Term Repo Operation, i.e. TLTRO, till 31st December, 2021.

The On Tap TLTRO was introduced in October last year to inject liquidity into certain ailing sectors of the economy.

This extension has come in as a measure to support the sectors that have been badly hit by the second wave of the Covid pandemic. This is a measure to ensure that there is sufficient liquidity support available to these ailing sectors.


Initially, the scheme was targeted to just five sectors of the economy. Eventually, stressed sectors that were identified by the Kamath Committee were also brought into the scheme last December, following which, banks lending to NBFCs were also added.