NEW DELHI: The Reserve Bank of India on Friday announced it will conduct targeted repo operations for an amount of ₹50,000 crore to begin with in tranches of appropriate sizes.
Governor Shaktikanta Das said the funds will have to be made in bonds, CP, NCD of NBFCs with 50% of it going to small and mid-sized NBFC within one month of availing the credit from RBI.
It will be classified as HTM or held to maturity. The notification on TLTRO 2.0 will be released today. Das said this was being done as it is observed funds raised via TLTRO have been parked in issue of public banks and big corporates.
NBFCs were finding hard to raise money. Das is currently in the process of announcing various steps to mitigate the impact of covid-19 on markets.