The Reserve Bank of India vide its notification dated 28th October 2020 has decided to postpone the dates of submission of requests for and exercise of the repayment option.
The RBI in its earlier press release dated 21st October 2020 has notified the scheme of reversal of funds availed under Targeted Long-Term Repo Operations (TLTRO and TLTRO 2.0) therefore an option was provided to banks that had availed of funds under TLTRO and TLTRO 2.0 to reverse these transactions before maturity.
However, based on the requests received from banks, it has been decided to postpone the dates of submission of requests for and exercise of the repayment option. The revised dates shall be communicated shortly.
