Press Releases

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Date : Oct 21, 2020
Option of repaying the funds availed under Targeted Long-Term Repo Operations (TLTRO and TLTRO 2.0) before maturity

As announced in the Statement of Developmental and Regulatory Policies of October 09, 2020, banks which had availed of funds under TLTRO and TLTRO 2.0 will be provided an option of reversing these transactions before maturity.

2. Banks desirous of exercising the above option are advised to submit their requests via email to the Financial Markets Operations Department (Ph: 022-2263 0982 / 2263 4925) in the format enclosed at Annex 1 of this press release on or before October 27, 2020. No request for extension of time window for submission of repayment requests will be entertained.

3. The repayment exercise for different operations will be undertaken on the following dates:

Sr. No. Date of Operation Date of Repayment
1. March 27, 2020 (TLTRO) November 2, 2020
2. April 3, 2020 (TLTRO) November 3, 2020
3. April 9, 2020 (TLTRO) November 4, 2020
4. April 17, 2020 (TLTRO) November 5, 2020
5. April 23, 2020 (TLTRO 2.0) November 6, 2020

4. The Reserve Bank reserves the right to decide the quantum of repayment and / or to accept or reject any or all the requests, either wholly or partially, without assigning any reason thereof.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/521


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