Default-wary banks say won't use RBI funds for low-rated companies

The first TLTRO facility took place on March 27, and so far Rs 1 trillion has already been deployed.

The Reserve Bank of India’s (RBI’s) imposition of a 10 per cent limit for the use of targeted long-term repo (TLTRO) facility for a single company has come after it became apparent that banks are not really helping the needy but are buying papers of those who are cash-rich.
 

But bankers are arguing that they don’t have a choice.
 

On Wednesday, while announcing the fourth TLTRO of Rs 25,000 crore, the RBI said: “The maximum amount that a particular bank can invest in the securities issued by a particular entity or group of entities out of the allotment received by