Latest News | RBI Extends SLTRO Facility for SFBs Till Dec 31
Get latest articles and stories on Latest News at LatestLY. Reserve Bank of India (RBI) Friday announced to extend the on tap Special Long-Term Repo Operations (SLTRO) for small finance banks (SFBs) till December 31, 2021.
Mumbai, Oct 8 (PTI) Reserve Bank of India (RBI) Friday announced to extend the on tap Special Long-Term Repo Operations (SLTRO) for small finance banks (SFBs) till December 31, 2021.
A three-year SLTRO facility of Rs 10,000 crore at the repo rate was made available to SFBs in May 2021 to be deployed for fresh lending of up to Rs 10 lakh per borrower.
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This facility was made available till October 31, 2021.
“Recognising the persisting uneven impact of the pandemic on small business units, micro and small industries, and other unorganised sector entities, it has been decided to extend this facility till December 31, 2021,” RBI said on Friday.
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This facility will now be available on tap to ensure extended support to these entities, RBI said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)