Today, the Reserve Bank conducted the third Targeted Long Term Repo Operation (TLTRO) for a notified amount of ₹ 25,000 crore with a 3-year tenor in pursuance of the TLTRO announced vide press release dated April 3, 2020.

2. The total bids that were received amounted to ₹ 1,13,470 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 4.5.

3. Allotment was done for all bids on a pro-rata basis as given below:

(Yogesh Dayal)      
Chief General Manager

Press Release: 2019-2020/2199