20-April-2024
Markets and Finance
 
RBI to conduct SLTRO of Rs 10,000 crore for small finance banks on May 17
08-May-2021

The Reserve Bank on Friday said it will conduct the first auction for special long-term repo operations (SLTRO) of Rs 10,000 crore for Small Finance Banks (SFBs) on May 17. To provide further support to small business units, micro and small industries, and other unorganised sector entities adversely affected during the current wave of the pandemic, the RBI has decided to conduct SLTRO of Rs 10,000 crore at the repo rate for the SFBs, to be deployed for fresh lending of up to Rs 10 lakh per borrower.

News Source:- https://www.financialexpress.com/industry/banking-finance/rbi-to-conduct-sltro-of-rs-10000-crore-for-small-finance-banks-on-may-17/2247895/
 
 
 

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