As per the RBI’s announcement, what is the quantum of funds to be provided to banks under on-tap TLTRO?

Answer :

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TLTRO stands for long-term repo operations.

RBI decided to conduct on tap TLTRO with tenors of up to three years for a total amount of up to Rs 1 lakh crore at a floating rate linked to the policy repo rate with a focus to provide liquidity support to various economic sectors and banks.

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