RBI Announces Second Tranche Of Long-term Repo Operation On April 3
Money & Banking
PTI
Mumbai |
Updated on
March 30, 2020
Published on
March 30, 2020
The Reserve Bank on Monday announced the second tranche of targeted long term repo operation (TLTRO) of ₹25,000 crore for a three-year tenor.
The TLTRO as an instrument was introduced last Friday along with the policy rate cut of 0.75 per cent in order to encourage financial institutions to lend more. A slew of incentives were also announced to encourage the same.
The second TLTRO will be conducted for the notified amount on April 3 for an hour starting 11 AM, the apex bank said.
The total size of the TLTRO has been fixed at ₹1 lakh crore and the RBI had announced the first TLTRO immediately on Friday.
The banks have to deploy the money in well-rated corporate bonds and have been incentivised by making it possible to recognise such investments in the held to maturity rather than mark to market, which makes a bank’s earnings exposed to market volatilities.
Published on
March 30, 2020
PTI
Mumbai |
Updated on
The Reserve Bank on Monday announced the second tranche of targeted long term repo operation (TLTRO) of ₹25,000 crore for a three-year tenor.
The TLTRO as an instrument was introduced last Friday along with the policy rate cut of 0.75 per cent in order to encourage financial institutions to lend more. A slew of incentives were also announced to encourage the same.
The second TLTRO will be conducted for the notified amount on April 3 for an hour starting 11 AM, the apex bank said.
The total size of the TLTRO has been fixed at ₹1 lakh crore and the RBI had announced the first TLTRO immediately on Friday.
The banks have to deploy the money in well-rated corporate bonds and have been incentivised by making it possible to recognise such investments in the held to maturity rather than mark to market, which makes a bank’s earnings exposed to market volatilities.
Published on
USAA And U.S.VETS Expand Effort To Prevent Veteran Homelessness Before It Starts
New Financial Resiliency Program Combines Housing, Coaching and Financial Services to Help 50,000 Veterans Build Lasting... Read more
USAA Bank Launches New Rewards Credit Cards, Delivering Higher Value For Everyday Spending
New survey data shows consumers increasingly rely on rewards to offset everyday expenses, from groceries to gas Read more
USAA Names Mara Motherway Senior Vice President And Head Of Government Relations
Jul 09 2026 SAN ANTONIO — July 9, 2026 — USAA today announced the appointment of Mara Moth... Read more
USAA And Wounded Warrior Project Launch $5 Million Initiative To Help Veterans Build Financial Security During The Transition To Civilian Life
Warrior Secure Start is a purpose-built program that combines financial education, personalized coaching and empowerment... Read more
USAA To Honor Those Who Made 250 Years Of Freedom Possible
Through partnerships, events and community engagements, USAA will celebrate the service members whose sacrifices helped ... Read more
USAA Introduces Smoky: A K9 Ambassador Rooted In Military Heritage And Well-being
Company launches first-ever Chief Pawsitivity Officer and announces $60,000 grant to K9s For Warriors to support veteran... Read more