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:

(Yogesh Dayal)    
Chief General Manager

Press Release: 2019-2020/2132