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Special Long Term Repo Operation
May 12 , 2021
1283 days
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- 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.
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