PREVIOUS
✖
Special Long Term Repo Operation
May 12 , 2021
1082 days
822
0
- The Reserve Bank of India recently announced that it is to conduct the first Special Long Term Repo Operation (SLTRO) of Rs 10,000 crores for Small Finance Banks.
- The RBI will conduct the SLTRO for each month starting from May 2021.
- This is to continue till October 2021.
- The SLTRO will be valid for three years.
- All the Small Finance Banks shall participate in the SLTRO.
- However, these banks should make sure that the amount borrowed from RBI should be lent only to specified segments such as unorganised sectors and small business units.
- Reserve Bank of India launched this as one of the measure to protect the small and medium enterprises in the country.
Leave a Reply
Your Comment is awaiting moderation.