 "reserve bank of india")
In a development that seems to substantiate the notion that banks are just not willing to lend to non-bank financial companies (NBFC), the RBI received bids of only about half of the Rs 25,000 crore it was offering under its revised Targeted Long-Term Repo Operation (TLTRO).
The scheme had been designed to enable half the money to flow to small NBFCs.
Banks put 14 bids worth Rs 12,850 crore for the three-year money offered. In a similar auction on April 9, some 18 bids were received for Rs 1.14 trillion against Rs 25,000 crore on offer. In the first version of
