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Option of repaying the funds availed under Targeted Long Term Repo Operations (TLTRO and TLTRO 2.0) before maturity
November, 09th 2020

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 are being provided an option of reversing these transactions before maturity vide press release no.2020-2021/521 dated October 21, 2020. Based on requests received from banks, it was decided to postpone the dates of submission of requests for and exercise of the repayment option vide press release no. 2020-2021/551 dated October 28, 2020.

2. It has now been decided to extend the date for submission of requests up to November 20, 2020. The repayment exercise for different operations will now be undertaken on the following dates:

Sr. No. Date of Operation Date of Repayment
1. March 27, 2020 (TLTRO) November 24, 2020
2. April 3, 2020 (TLTRO) November 25, 2020
3. April 9, 2020 (TLTRO) November 26, 2020
4. April 17, 2020 (TLTRO) November 27, 2020
5. April 23, 2020 (TLTRO 2.0) November 27, 2020

3. There is no change in other terms and conditions. It is clarified that banks can choose to return any or all of the bids from a particular auction, i.e., if a bank had been allotted funds under two different bids in a particular auction; the bank can choose to repay either or both of the bids.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/605

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