The Reserve Bank of India through press release dated Aug 06, 2021 has issued Statement on Developmental and Regulatory Policies. The On Tap TLTRO scheme issued by RBI on October 9, 2020, given the nascent and fragile economic recovery, has now been extended further by a period of three months, i.e., till December 31, 2021. Banks are allowed to avail of funds under the marginal standing facility (MSF) by dipping into the Statutory Liquidity Ratio (SLR) up to an additional one per cent of net demand and time liabilities (NDTL), i.e., cumulatively up to 3 per cent of NDTL, for a further period of three months, i.e., up to December 31, 2021.
