In order to make sure liquidity out there, the Reserve Bank of India (RBI) on Wednesday introduced the fourth focused long-term repo operation (TLTRO) on April 17 for Rs 25,000 crore.
The central financial institution introduced TLTRO on March 27 and has to date performed three tranches price Rs 75,000 crore. The preliminary goal is Rs 1 lakh crore.
The third tranche was carried out 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 financial institution mentioned.
The most quantity {that a} specific financial institution can put money into the securities issued by a specific entity or group of entities out of the allotment obtained by it underneath the TLTRO shall be capped at 10 per cent.
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