Today, the Reserve Bank conducted a Targeted Long Term Repo Operation (TLTRO) for a notified amount of ₹25,000 crores with a 3-year tenor in pursuance of the TLTROs announced vide press release 2131/2019-2020 dated March 27, 2020. 2. The total bids that were received amounted to ₹60,500 crores, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 2.4. 3. Allotment was done for all bids on a pro-rata basis as given below: | Tenor | 3-year | | Date of Reversal | March 24, 2023 | | Notified Amount (in ₹ crore) | 25,000 | | No of bids received | 11 | | Total amount of bids received (in ₹ crore) | 60,500 | | Amount allotted (in ₹ crore) | 25,009 | | Pro-rata Allotment Percentage (%) | 41.33 | (Yogesh Dayal)
Chief General Manager Press Release: 2019-2020/2132 | |